Remember they will make more money selling their preferred shares if commons are worth more so as I said here and elsewhere JIMHO it makes sense they'll want PPS to rise again so they can dump them:
they'll make 50X+ more if they get this turd back to .1 or even .05... they and those who drove it down to here to load will in fact make millions on top of their salaries (I don't know if you call $250K/ year + $50K bonus + 20%/year increase "low 6 figures") and perks and shares they still keep...
we retail, no-vote common ATM suckers will be lucky to break even.
Their greed is the only hope we have...
How will the price go up? Will enough retail establishments sign on to their coupon/ ads system to entice App users/ members?
Can the site attain enough "respectability?" right now the fb pix have 4 of 6 showing actual hook-ups among attractive people/actors but they're trying new marketing gimmicks, I hand them that.
Might be a bump, anyway IMO foolish to dump now, I for one plan to wait til they see fit to dump and will follow suit!
Just hope another R/S doesn't happen first, hope only after that.
Euripides90 Tuesday, 09/23/14 04:41:52 PM
Re: tferFTW post# 12149
Post # of 12165
Our best hope IMO is that they/ the owners-management, will want to see the price go up enough so it's worth their while to convert some of their preferred shares to commons and sell (each preferred is worth 9 commons).
Beaufort will also want to sell the cheap shares they bought. There can't be any incentive for them to do that now with the price this low. Have we seen the low yet, who knows, looks like strong support holding now above .004 but PPS has been down every day recently.
We can only hope that the O/S is still low enough for a significant rise in PPS to happen, that they haven't released too many of those 10BIL A/S yet.
