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Motley Fool bought 19 million shares of DNAX many years ago when the PPS was 32 cents per share. Obviously, it would be silly at this point to sell it unless they needed the tax deduction. That is the only reason Motley Fool is still holding the stock. It is NOT because they think anything good will happen. It is because they DID think something good WOULD happen like 5 years ago, nothing good did happen.
I don't even know anything that everyone doesn't already know. I just open my mind to how weird things might get and consider what might result. : )
There might be something that is not great occurring with the company, but a company that has gone out of business has no reason to have expended the time and money to file a Form 8-K with the SEC two days ago.
The only form that a company going out of business might file with the SEC would be a form to deregister their stock because the company is being dissolved. That is not a Form 8-K. That would be one of the Form 15 variants instead.
The only way a company might use a Form 8-K related to going out of business would be announce the dissolution of the company as a corporate event using a Form 8-K and that would be obviously stated in the file Form 8-K if it were the case. Companies that far gone usually don't bother.
If there is anything unusual happening, based on the last file Form 8-K, it might suggest some kind of buyout or merger. Note that I said "MIGHT." There is no point starting a rumors unless people read AND UNDERSTAND the Form 8-K better than the discussion here suggests people have done thus far.
No ticker with 15 billion OS has any PPS increase without (1) performance results or (2) rational plan of hype that involves ZERO expansion of OS (in other words, someone comes into the company to revive the business with resources which do not come from shareholders).
Adrian has guaranteed that the first will not happen and no one would be foolish enough to do the second.
Wow... just nothing happening here at all. Not even much posting.
The only way this ticker sees $0.05/share is via a 1:500 reverse split.
Institutional investors (ie: bankers, brokers and other professional investors) have to file a Form 13F with the SEC every quarter.
This form lists everything that the institution is holding.
Apparently, the Dow Jones Newswires takes all of that Forms 13F data, and runs it backwards to compile a list for every public traded company to see which institutional investors are holding stock in each company.
As a result, we know that Motley Fool has about 13 million shares of DNAX.
I already knew that Motley Fool had shares of DNAX from years ago (around 2013-14) because people on IHUB found out about it back then.
From today's report, it looks Motley Fool bought back in like 2013 or before because if I am reading it correctly, they bought their shares at about 32 cents per share. Last time DNAX was that high was 2013.
So, the only "news" here is that even institutional investors make mistakes when deciding what to buy.
So, has anyone ever managed to get the restricted shares from their USEI stock dividends (circa 2013, 2015, etc.) unrestricted?
The last thing I remember about the former management team attempting to sue former CEO Eric Fowler is that in court, Fowler asserted that he owned basically no real assets, that he would be unable to pay any judgment which the court attempted to levy against him, and that if DNA proceeded with the lawsuit, he would file personal bankruptcy to protect what personal assets he had.