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My guess is that they already have deals for acquisitions negotiated to be paid for with shares. If they don't do a RS, they might have to renegotiate, which they probably don't want to do. Wouldn't be an issue if they weren't giving Stephenson so many shares, but there's probably some specific reason for that too, like he's required by one of the acquisitions to be a common shareholder on equal footing with the other acquisitions or something like that, and of course he still wants to be majority owner... so they divvyd up the shares somehow or other assuming the RS, and now have to figure out other options, with the minimal rework of existing contracts. So I expect it will be a bit of a chore one way or another. But it also sounds like they're willing to give it a try.
All just my guesses. I do NOT have specific info.
Thank you for both your efforts and the update.
I think *we* should all vote to make me a millionaire.
Thanks in advance!
Have you communicated with them in this regard? Or are you hoping like the rest of us?
I don't see how it's legal for them to block their own shareholders. Not a lawyer, but it seems very iffy to me.
How is it legal for them to block shareholders? Are they going to stop distributing relevant info via their twitter account?
Why would you? It's historical. RM hadn't happened yet. You won't get financials including the merged company until after the merger.
Since when does the pink sheet lawyer matter? He's there for basic compliance until they're ready to uplist, when the big board lawyers come in to deal with the big board processes.
I'm guessing they're waiting to be current, but who knows really.
I love the legal threats, actually. It's almost like they don't understand the US legal system. Things like freedom of speech, truth is an absolute defense, and anti-slapp laws (while not universal), are a thing here.
I don't know. They seem to be quite stubbornly wedged up there.
We were flimsy (if in fact we were) because they weren't current, and hadn't PRd. And oh yeah, a RS. If they'd gone current, PRd, and announced mergers without the RS, they would have been over $10 in a matter of days.
We don't. But they think they need a guaranteed minimum share price, rather than one we arrive at organically. Which is the stupid part here.
Very well said, I hope you'll email him something along those lines.
Man, that cracked me up way more than it should have.
The one thing I can think is that this was probably decided when the 30-day trailing average was somewhere in the 0.30 range. So a 1:15 split would have targeted a post-split share price of around $5.0. That being the case, it should be obvious that they could have / should have gone for a much smaller number under more recent price action.
I hope they will reconsider.
You mentioned you'd been in contact... was he at all receptive?
(small voice) Can we bring it back to 1.5 - 2? My little account would appreciate it. K thanx.
Thank you.
I thought the DE was resolved? What are we still waiting for? TIA!
It's always BS, don't need to read it to know. 100% pure, grade A, certified, BS.
Thanks for the clarification.
Why did someone ask about that other company? Is there a reason to think there's a relationship?
There are almost half a dozen other Delaware petitions for this custodian, but they are other tickers and have nothing to do with this one, so this is off topic.
I need you to teach me your math...
Close of play is idiomatic in the UK. Just saying.
I only have a tiny position here. But it's a little less tiny after today. I didn't get the bottom. Never thought it would go that low. Oh well.
They're going to have their own SMS and email platforms for API access? That's potentially huge.
I'm not sure, but I think that was left over from the old description. I think they missed the last line when they deleted the rest.
Letting the public know about their offerings and capabilities.
And letting future investors know about the same for when the deal finally does close, whenever that is.
*Good* chance the PRs are actually for CLX's contracts with various airlines. Don't be shocked.
*Edited a typo*
Is the app an older version? It might not support the possibility of tweet deletion or hiding. If so, don't update, LOL
It wasn't.
Same custodian, who actually makes sure he's selecting good companies. Otherwise unrelated.
You may be right, but I think / hope that the primary holdup is still that CLX is still working to build the business and is focusing on that.
I'm still hoping they get married sooner or later.
That bad?
Seriously?