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there was a lot of p/r from this company thru-out last year. then, after the first of the year, nothing. I get worried when they go quiet.
unaudited filings = playing fast and loose with shareholer's money
private party, huh. half expected as much. well done. it's appreciated. makes you wonder. If it's not to drum up public support for the product, is it to gather private support, as in direct financing or merely schmoozing with the locals.
Bring us all back big baskets of money. But, just a little new info would be good too. Don't hear a lot now a days. Thank you for the efforts.
No bid, No volume. Pump and pump away. Next, you'll tell me that Cashman said "no r/s". Like I should believe it.
I hope so. but, I doubt it. More likely an r/s.
does any of this look like a stock buy back to you?
all unaudited except the statement of shareholder equity. wonder why? Is that statement a requirement to apply for some other corporate action?
thank you
A little help, please. Isn't there a filing required to do a stock buy back?
Of all that was said, by whatever means it was said, the one thing I have always believed, was that Cashman wants that up-list by May 27. I don't see another way. IMO
read all the nov. 27 tweets from this c.e.o. Then consider these things.This guy can't pay his company bills without borrowing. He dose not pay for quarterly audited fillings only annual. But, now he is ordering his accountant to prepare audited fillings for an up-list by May 27 (6 mos.) and says he is going to do a share reduction. If the stock rises because of the release of audited fillings, he won't be able to purchase stock back without borrowing again.His paid for audit will be wasted unless he does an r/s( A share reduction?) Watch to see if this release of quarterly report is audited. then, I think we will know. IMO
On time ,fully audited fillings and a formal p/r of explanation would be in order. Other wise it's a guessing game. I hate guessing games. Can't trust tweets and hear say.
He will lose all the sub-penney traders and gain the plus-penney traders. It's all in point of view. Enjoyed the conversation.
I don't want lose money either. Just trying to think it thru. It's a company with 4 mill. rev.s, A set of products and waiting customer base to sell to. they are in an area with waiting demand for the product. after an R/S of 1/200 or so, a company of existing business, good s/s, low debt, and very good revs. Nothing but up- side for the CEO.
Look at it from a ceo's point of view. After a 1/200 split he has a nearly profitable co. with good share stucture an little debt. a share price of .02.
Been in this since Sept. -Oct. Got mine at .0001. held thru the run up to .0007. Not complaining just learning to read the tea leaves
Cashman also said He wants to up-list this year. The only reasonable way to do that is R/S. 10,000 a month is not going to get it done this year.
Thing is, He could just change his mind. It would be as simple as a p/r saying that since the notes converted the situation has changed
And You believe him now? lol
o/s gotta be close to 9b
last I saw post 32664
you are correct. If I told you where I went to school you would forgive me, I'm sure. Thanks
Your argument HAS been that c.e.o. is trying to make his buddies money
R/S greatly improves share structure. then up-list.Has a company with low to non-existent debt and 4 million annual revs. nearly profitable. pps. will go up.
And, if the idea is to up-list and then hope to sell out? This Guy is 82+. I'd say he wants to roll it over for a payday.
I have had a position here since Oct. My read has always been that this Guy is going to have to R/S to up-list.
6 Billon shares to buy back. $10,000 to spend each month to buy them back . At .0001 that is 120 months, The 10yr. plan. If the share price manages to make it to .0002 that is the 20yr. plan. .0004 that is the 40yr. plan. Don't think i like this idea.
desperate to pump it up before an R/S
thanks
what award?
Wonder how much debt is left to convert?
There will be an r/s long before then.
OK, none of that applies to now. I thank you for the conversation and wish you luck in the future.
I don't pretend to read this ceo's mind. I do know what I would do in his position. A 1 for 250 reverse split as soon as possible. This would leave me with a company with good s/s and growing revenues against dwindling debt. doable in the shortest amount of time. A pps of about .025, great future if left alone. But, also, a great pick up for some other greater or larger company. This ceo has a history of developing companies for acquisition.
I certainly hope you are right. After D/D, I always try to put myself in the ceo's shoes. Whats best for the company long term? What brings my shareholders value soonest? The answer is the shortest distance to up-listing and profitability. I know what has been said. And what the natives don't want to hear. But the guy can change his mind. It would be simple as putting out a new p/r saying, in light of the recent conversions, some of which were early, we have decided to rethink the possibility of an R/S. This better fits the time line described for uplisting. IMO.
You spoke of the recent a/s increase as a bit of genius. i'm saying if instead, the increase was to offset the up coming conversions then, You must allow for the possibility of the inevitable correction in share structure in preparation for the up list. I believe that a share buy back as described by Mr. Cashman would take 3-5 years to have real affect.
And if the a/s was raised instead to keep the percentages of a/s- o/s relative in anticipation of up coming conversions?
And to your point about expanding the a/s. At need it could easily be undone by doing the one thing the majority of these traders seem to fear the most.
Something or someone is soaking up shares as fast as they are offered. Makes you wonder. There were a lot of 500k hits today alone.