Alright my friend here is some information I have gathered from the company web site.
The last amended articles of incorporation sets the authorized shares at 500,000,000 with an O/S of 28,000,000 this is dated 20 May 2012 it also gives the board of directors the ability to issue from time to time an aggregated amount up to 1,000,000 shares of preferred stock par value .01
So near as I can figure the Nevada Registration stands until updated but the company is claiming 28,258 million registered shares and there are roughly 32 million shares of unregistered shares. This would make for approximately 60.258 million shares in the O/S
I am expecting another 8K any moment showing the issuance of 5,000,000 shares to Hanover.
I was in a stock a few years back that sold a bunch of unregistered shares; it went to .00001 and never recovered. I think it was SMAS.
Hanover should not be selling the unregistered shares even if there is a fair warning that they can sell any time, that may be true but I am pretty sure the shares must be registered.
I believe you stated 17 September for the final payout to Hanover; I would expect news to start breaking about 3 August and a big run up to August 18 when that 8K hits.
Then it will be quiet for a while giving Hanover and Iron Mountain sell out then there will be some one showing the Nevada registration and the PPS will collapse. Be sure to get out on the run up. If nothing else, take all of your investment out and ride free ones to the top.
I did that I bought in at the low 3s and made my first sell in the low 6s when I saw it was not going to break 7 I sold the rest in the high 6s, I knew it was coming back down. Now I am back in at the low 4s. Tuesday the chart said consolidation in the 3 to 4 range but by last night there is a death cross imminent, I may be able to average down in the 1s. Cost averaging is a personal choice t ho and it would depend on where you see the final PPS ending and if volume justifies the chances of selling for a profit.
I do not have L2 access but if you do pay close attention to the walls built on the ask side and set your sell on the high side of the spread but below the ask when you are ready to exit, do not use a market sell unless there is a panic exit; even if there is a panic exit some times it is just best to ride it out and sell on the bounce.
I love Lindy
