Does it normally take 3 months to get it approved ?
I just can't stand how easy this would be for Jill and her business Mgr. Carlos.
They both buy 7.3M shares at an avrg of .025 for $183k each
Jill gives (yes gives) JP $1.1M for build out costs and asks him to cancel rights offering for that. Plus free birthday parties for life.
Hence, PPS skyrockets as no dilution AND expansion actually happens.
If PPS gets to just 20 cents (I would argue more) BUT:
At that level - Jill's 5M warrants are 10 cents in the money so she profits $500K plus her 7.3M shares at 20 cents are worth 1,460,000 and Carlos' 7.3M shares are worth 1,460,000
So outflows were 183k + 183k + 1.1M = $1.466M and INFLOWS at a PPS of just 20 cents would be:
500K + 1.46M + 1.46M = $3.42M or a net profit in a month's time of $1,954,000. Are u tellin me this stock wouldn't touch at least 20 cents with a large cash infusion and Jillian taking a more active approach ? Man o man
* Now let me hear how foolish she would be for helping him out...go ahead, yeah that will never happen HC. I say to that SHE'S foolish for not helping HERSELF. Slam dunk profit if above happens as we need a catalyst and would get 2 VERY BIG ONES at once
