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OK! Great to hear, as there is much confusion here.
Hey! Bones, Will you please post the O/S expected post split Thanks!
I will leave out names, but it is easily verified by the Transfer Agent for this security.
So! with the O/S reduced to 48 million that equates to 100/1 ratio.
I understand your anger at all the mis-information here. In my experience with R/S they have always been applied to the outstanding shares.
FWIW ...my information leads me to expect a ratio of 100/1 RS. A 4.8 billion O/S was reduced to 48 million. We receive 10,000 for every million at an adjusted higher price.
When we reach the threshold for Large investors, and institutional investors there will be no nonsense to price manipulation.
Current market cap applied to a 4.8 billion o/s would be 16,800,000. Price is far to low here and should begin to reflect the true market cap over the next few weeks. We should exceed a 50,000,000 market cap.
The next area of speculation will be how much to evaluate the companies earnings.
we got the paint job.
Thanks! I will look for a ticker symbol that matches that area just to look at how it behaves.
Hey! johnreiner, I was wondering what you expect for a public float size. A 30/1 could make us trade with low liquidity. Would they necessarily want that.
The bears are weak today, expecting a small positive close in the next session that could potentially covert bears into bulls (aka Daytraders and flippers).
Maybe it's an attempt to lure some sellers. signals are used and abused.
Amen! to that;
I find it interesting that the 911 trades were executed ahead of the recent amendment with nvsos. Perhaps it is a signal implying a stocksplit.
I found what I believe could be the contents of the stock split action, but can't confirm without buying the stock split Actions/Amendment. This is a corporate number...(2) Effect an exchange, reclassification, or cancellation of all
or part of the shares of such class, including a reverse stock split
but excluding a stock split. Here is the link and hope it helps, and also under company description at otcmarket they claim to not propose a reverse split. http://www.leginfo.ca.gov/cgi-bin/displaycode?section=corp&group=00001-01000&file=900-911 NOTE:cancellation
Just food for thought!, I want to mention that a reverse split happened on 2/13/08 and there has been no such corporate actions like we just had. So maybe this split does not replicate the evil reverse split. Any thoughts?
Take note of the fact that what you are looking at is an amendment of the authorized capitol structure. Not a reverse split. This is a clear statement by the company that they have no plans to dilute current shareholders.
reverse split is not confirmed at this stage.
I am not experienced with R/M, but my take is that the players involved {company,market makers,large traders,etc}are working in concert to guarantee that this will not fly out of control.
No! worries for the longs here, as the recent price decline is yet to complete the bear cycle. Likely will experience a lower low in the coming days to complete. Be "strong"!
My take on the recent amendment to the authorized share count is a clear statement that they do not have plans to dilute current share holders. I also see no indication of a reverse split, as this was strictly the authorized share amendment.
Brilliant!
can you say "JACKPOT"
Very impressive here, Thanks!
I have no links for confirmation, just obvious evidence discussed on this board. An 8k filing is Forthcoming as confirmation. WE can only wait. Sorry!
My take on Flex Power Entity suspension is positive. It is more confirmation that Flex power is Reverse merging into MonArc Corp. The reason for suspension is not an issue.
very little downside expected now.
The dates do not jive for the post that reported 4 billion shares, So! I recommend we leave it unknown until officially reported.
That 4812700 is likely our dictator bear. They will stop when they are done feeding. Somebody get the bear spray.
I think you are right on.
A member here called the T/A and was told that there is a little over 4 billion outstanding, but could not say how many are in the public float. I think the float behaves like it's 150,000,000. It may be that the billions in question were the recinded shares from a previous recinded merger. Maybe those billions will convert to prefered shares establishing the control block. WE have to wait and see.
FWIW.. I think the 911 final trade on Friday was the market trying to dictate to the company to shell out some kind of news. When it became evident that it fell on deaf ears Monday the market punished the stock. I Think an 8k filing is now overdue, but will come on the companies terms not the market.
A message for longs....I think new information from something like an 8k filing is imminent. It will surely contain a positive development making it very risky for those who are not nimble enough to get back in. Importantly to note is this stock is in the hands of successful business people, and the stock that they represent will surely overcome the fear instilled by the bears. No Worries here! if you are a long term holder for the final outcome in an estimate of 2 months.
Good Deal! I will be as straight forward as possible with no Fluff.
It sure will really suck for the bears today, If new information surfaces tomorrow.
Those ugly! bears are unfortunately a necessary evil. They are needed to create market liquidity, and they will likely own this for a while.
Agree! the bears won today. They will give it back as the market dictate's.
Understood! and thanks for sharing.