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I am going to avoid selling off this and instead may have to sell a few other stocks and buy what gets sold I mean heck we HAVENT gotten any news of sales in a PR... THAT should be coming and the Q in 11 days.... there is still only 198 million OS here (Well that public has)
ALSO IS this increase and par value decrease to AVOID a TAX hit????? to lower par value they had to increase AS.... NOT OS BTW.......
Our Board of Directors recommends a vote FOR approval and adoption of an amendment to our Amended and Restated Certificate of Incorporation to increase the total number of authorized shares of the Company’s common stock from 500 million shares to 10 billion shares.
PROPOSAL 3
DECREASE IN THE PAR VALUE OF THE COMPANY’S COMMON STOCK
FROM $0.01 PER SHARE TO $0.00001 PER SHARE
Purpose of the Decrease in Common Stock Par Value
The Company’s Board of Directors has determined that in order to: (i) reduce the par value to an amount less than the current trading price of the Company’s common stock; and (ii) to possibly result in a favorable impact on the amount of annual franchise taxes that the Company is obligated to pay, that it was beneficial to reduce the par value of the Company’s common stock from $0.01 per share to $0.00001 per share. Delaware franchise taxes are based on a formula that takes into account par value per share in the calculation of taxes due.
I see 5-6 people posting in here My bet is that if shares get sold its us selling ours to smeone staying quiet. lol.
There may be 10 billion shares Authorized in December, but they wont be outstanding. And that is THEN.
That is a year down the road and only a possibility... A NASDAQ one. imo
What I want to say is AS and OS Are two different things.... The AS increase isnt happening for a while....
Another point I am reading, is that they need the AS shares ( Not to be confused with the Outstanding shares , to 1...acquire other businesses.... 2.. to issue to the directors and other employees.
In addition, our Board of Directors believes that the increased number of authorized shares of our common stock contemplated by the proposed amendment is also desirable so that we may issue additional shares from time to time, without further action or authorization by the stockholders (except as required by law), if needed for such corporate purposes as may be determined by the Board of Directors. Such corporate purposes might include the acquisition of other businesses in exchange for shares of our stock; flexibility for possible future financings; and attracting and retaining valuable employees and directors through the issuance of additional stock options or other equity awards.
There are only 199 million shares out there folks! Right now and until AFTER the shareholder meeting.
The CEO and company hold the rest and THEY arent selling.
They need the AS to be higher to acquire other businesses.... Or For RETAINING directors and atttracting them ( I am sure THEY Will hold) They arent US. THEY Know what they have and hold!
accumulation going on here higher highs and lower lows!
agreed they will come in later this week early next week unless news push them in before that
Agreed, anybody who takes 5 minutes and does some dd will buy in immediately... or they will catch this 70% up when it runs hard immediately
I see TINY volume here... looking at the chart... this can and will move from here..
Well we got some 5s to buy now at the ask... guess we chew through them.. wonder if there is a fake wall?
Yeah i dont know if an RS is coming, but this volume is dilution... how long it will last dont know... but yeah keep averaging down
I guess I sit on these 4s now!
GOing to keep accumulating at these cheap levels. Those who bought 400% from here are upset I am sure. My gain for your loss! Get in while you can!
Looks like its thin on the l2, cant wait for news... it IS coming!
Got to love the low volume and the low volume walkup. Float is TIGHT!
Same here!
News if it hits today will be at noon...
Very Real with a quest SS!
I think this can rise another 50% minimum tomorrow!
no doubt, AND thin!
Stay on that .005 bid and you wont get any!
Lets get it to a penny Joe! What will the PR say tomorrow?
Agreed! Buying at these levels. Joe said it would go to a penny then be diluted after a PR tomorrow, so lets get to a penny!
Setting up for a monster run.... Thats why the movement and depth.
Agreed... Wants to and will run... Once pact .0059 we hit pennies easily. With news good god, there will be some MAJOR MAJOR chasing
We have liftoff!
Its moving....
Now you are throwing numbers around to scare with no fact.
They arent listening, instead hitting the ask and stacking the bid!
He aint selling down here.... He will sell when we get to .0030 or higher...
I would take whatever 5s you can get, and grab some 6s as they disappear and get back to even or make some money. Bout to be 8's 9s and higher soon... thinner and thinner...
Actually they and I are on the 5s... Reversal is happening now....
Ask is getting destroyed and we will end up flying today... I got some more on the bid at 5... but not as much as I would like... Any how... LOW SS this is awesome.. Seeya!
Love the common sense bud! That snot even the floayt. Heck I own 2 million shares and 2 million shares here cost 1200?? Geez... a NO Brainer!
Wrong way to look at it! That is a LOW SS for a penny. AND the float is smaller than that. ANybody that does any dd... Sees money from here... Volume is low... Nobody selling into the bid...
Awesome News today! He aint selling and he owns 10 percent! The float on this is small.. no dilution and a low SS!!
WOWWWW Only 237 million outstanding??? Lower float... this is .0006 We should be trading at 5-10 times these levels!!!!!!
Agreed, A CAO does not leave a nasdaq trading company to come to the pennies unless something HUGE is coming ... We already have sales, now we see what they are and how much more than expected!
bout to shake the tree again... just a light shake and then I see 2's... of course an ask buyer will change that. But smart to stay on bid too... Ask it runs.. bid... accumulate
VTEQ Coiled and ready to pop... AGAIN.