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Re: PennyWorld post# 24933

Friday, 04/11/2014 11:37:02 PM

Friday, April 11, 2014 11:37:02 PM

Post# of 36829
@Penny

The itar compliance came about the second week of march--around the same time as the second dun an bradstreet update.

Now about the r/s. The beauty of the reverse split is a structure. He could have simply did a 200/1 1000/1 or even the same a 6000/1 while leaving his a/s intact at 10billion. But a 10b a/s uplist cant happen and a structure with an a/s lf 1.6m doesnt make sense for an otc pink.

I posted here the amex listing structures and it seems to fit these perfectly, but as I said before, any o/s over 6b that was issued would have had to have been bought back.

Combined the cost of revival with the annual costs of itar compliance, plus the cost of the outside firm most companies bring in to internally prepare for itar doesnt make sense to just simple dilute.

Also, the itar compliance makes the ceo criminally liable if the procedures are not followed.

I am still going with the uplist theory. I believe he will speak about 8 hours before the trading halt. It will be a one day boom to inflate the market cap before it uplists. Ill post more detailed information later.
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y