So what is the next chronology of events here? That recent PR had a
lot of info to digest. A couple of the sections stood out to me:
LONDON--(MARKET WIRE)--Jan 5, 2009 -- Veridigm, Inc. (Other
OTC:VRGD.PK - News) today announced the Board has initiated final
preparations for Mobile Media Unlimited, Inc. to be traded as a
public company. Veridigm, Inc. (DE) will be name changed to Mobile
Media Unlimited Holdings, Inc. (DE) in due course.
How long does this process normally take?
The Company is reporting a not inconsequential & wholly unexplainable
differential between its free trading common share count issued and
outstanding as reported by CEDE & Co/DTCC and its common share
NOBO/OBO count as reported by S&P as compared to its recent Transfer
Agent ledger. We do not foresee an immediate resolution of this
suspicious differential and we believe this differential may be
responsible for VRGD's recent and extended price and volume
volatility."
It's obvious the MMs are manipulating the #%&*! out of
this. "Suspicious differential" is that legalez for naked shorting?
And how will that impact pps near term? I think it would force the
MMs to keep it down until they can cover. I big question is how much
is the differential? because I think that would be a key barometer of
how much time and how fast the MMs have to cover.
Overall I think this is remarkable - I have Never been in a stock
that's about to go public.
VTC