I can understand the reasons behind the RS but why was it so important to do it now. Why before EOY? And why do it if they don't have something else up their sleeve coming at around the same time frame? They must of course be well aware of the fact that an RS in the penny stock business is often seen as a sign of weakness. And they probably understand that that could be bad for the PPS in the short run if the RS is not followed by something else, something that would make the RS come out as a smart move instead of a desperate one. I personally believe in that "something" but I guess that some may not and therefore going short right now. That belief and uncertainty around the RS move together with the tax selling, the persistent NITE guy and the overall bad market we've had is the reason we are down for several weeks.
So, I would be very surprised if we don't get more news about some important and tangible stuff within a couple of days or maximum 1-2 weeks. That "something" could be about a new listing (most likely) and maybe also about SJAP or about some other deal.
Bottom line, we, the market need to know more about the general plan, the strategy and the following steps mainly about the listing (which they have been preparing for a long time now). This is what all shareholders expect. And in a perfect world they should have said something about this when they announced the RS. What kind of new listing are we talking about? Who will be the CA? What's the time-frame?
I am sure we will get all these things but what's worrying me is the timing. Timing is crucial. If everything takes too long time we might loose the good momentum we've had since the EC deal. We get nervous, stressed out and loose faith.
So, let's hope we get a fresh, new start of 2015.
AI
