Wednesday, May 24, 2017 6:37:07 AM
There seems to be good news ahead already.
While DD'ing CBRIQ I found this ST guy's stuff and now 'stalking' him a little .. and found the following balance sheet and story line below.
So the equity issue is gone with the restructuring on May 1st it seems:
"read 2017-04-19 8-K, re equity issue appeal and why company thinks it will have regained compliance by now. Then 180d $1 bid extension"
This implies a 180 day extension for the $1 bid compliance failure. The proposed RS is non dilutive anyways, since it also RS the authorized shares with the same factor.
Looking at the increased OS since March 31st, the Series E conversion might have been completed as well. This would be great news, since they have no more incentive to short it down for a lower conversion price.
Interesting development and seemingly stock at discount now.
Guess starting to add here won't hurt, already sidestepping sort of - shall break above D 8ema T-line to show a reversal though.
Fundamentals
Story
While DD'ing CBRIQ I found this ST guy's stuff and now 'stalking' him a little .. and found the following balance sheet and story line below.
So the equity issue is gone with the restructuring on May 1st it seems:
"read 2017-04-19 8-K, re equity issue appeal and why company thinks it will have regained compliance by now. Then 180d $1 bid extension"
This implies a 180 day extension for the $1 bid compliance failure. The proposed RS is non dilutive anyways, since it also RS the authorized shares with the same factor.
Looking at the increased OS since March 31st, the Series E conversion might have been completed as well. This would be great news, since they have no more incentive to short it down for a lower conversion price.
Interesting development and seemingly stock at discount now.
Guess starting to add here won't hurt, already sidestepping sort of - shall break above D 8ema T-line to show a reversal though.
Fundamentals
Story
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