Anyone who knows anything about a pink sheet with 60 some million shares o/s and so far no disclosed revenues or catalyst for the new company knows that a sell off can come in a blink of an eye. The roll of the dice is will they sell or release some kicka$$ news first...
The court agreement PR was released on June 3, 2015 and the OTC was updated 3x's since. On June 30, 2015, March 31, 2016, and 8/22/2016.
So if those shares were floating when they announced on 6/3, when the company updated the float on 6/30/2015 they must have overlooked that minor detail with everything they had going on. I'll give them that one. We'll call the other 2 times they updated it due negligence.
So yeah, between the negligence on behalf of the company when updating the OTC and the TA stalling to disclose the float until TODAY yeah, I say the were fighting like hell to not disclose the float.
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