Oh what the heck, I’ll join the party to make it crazier….
If I was the guy running the company and I wanted to:
a)reduce the O/S from 700M to 300M to increase value and avoid dilution, and
b)get listed in NASDAQ to establish a solid baseline for growth, which involves a min $4 share price
Considering that I have a 10K presenting 50M in revenues and 12M in profit (according to the Reuters Report); AND I have a first quarter Q with 70M in sales and an est profit of 17M,
I would want to
a) buy back cheap to maintain as much as possible the EPS,
b) get rid of the shorts to stabilize the PPS, and
c) keep the true longs for a stronger baseline.
As soon as I present these K and Q reports the PPS will balance to its true value, So?
I announce an extravagant R/S, late filing, cheap buyback, shorts out as well as the so called longs, thennnnn, present the K followed by the Q (October), balance the PPS, adjust the split, and as soon as that happens, EVERYONE will understand what happened and will forget about these 3 weeks and enjoy their money for a great Christmas.
Is it that crazy?