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Rawnoc,My reading of this is they aren't going

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cleverrox   Monday, 05/12/14 10:38:32 AM
Re: Rawnoc post# 32
Post # of 72 
Rawnoc,

My reading of this is they aren't going to deregister unless they sell the company. They were required by the SEC law to include that language because they were contemplating the reverse split.

Because condition A - "contemplation of reverse split" made it much easier to do item B - "deregister and go private" - they were under obligation to disclose it under SEC law. It doesn't mean the intent of the reverse split was to go private. It just means the reverse split would streamline going private and ANYTHING that might remotely affect going private has to be mentioned according to SEC rules.

That said this is a very shareholder unfriendly company at the moment. It is nearly impossible to talk to anyone. This isn't shocking since the CEO and his assistant run an organization with 170 employees. That is a very tight ship.




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