Sunday, August 03, 2014 1:30:08 PM
Sixteen long months ago, FRMB and MKHD inked a deal (the "Definitive Agreement") that has yet to close. Within the last 30 days or so, MKHD has TWICE announced, via a highly-detailed PR, that in preparation for that deal (which is a "financing" for a re-capitalization of MKHD)it's going to take 3 separate corporate actions, each of which will necessitate a separate filing with Nevada's Secretary of State:
1. It's going to increase its A/S (with respect to both common and preferred stock) by nearly 1,000%; and
2. It's going to engage in an R/S of "UP TO" 1000 shares for 1 share; and
3. It's going to file a "Piggy-back" registration with the SEC; thus permitting all of the so-called "sophisticated investors" who purchased MKHD preferred stock in private placements to be able to either sell and/or transfer their holdings ... the vast majority of which purchased them at 20 cents per share.
Moreover, in order to achieve the corporate actions of !., 2., and 3. above, MKHD must clearly reinstate itself with Nevada's Secretary of State.
/S
BUT NONE OF THIS "CONFUSES ME" ... AS EACH OF THE 3 SEPERATE ACTIONS LISTED ABOVE MUST BE DONE IN ORDER TO BRING ABOUT THE PLANED "RE-CAPITALIZATION".
THIS is what "confuses" me:
The mere announcement of a 10-fold increase in the A/S, together with a PRESUMED 1000-for-1 R/S, should have sent the MKHD bid to sub-penniville ... and yet it now hovers at 5 1/2 PENNIES!!!!
That means only ONE thing: moneyed people in-the-know do not now believe that MKHD's price will tumble with the expected news. Indeed, such individuals apparently seem to "believe" just the opposite!
That this is true seems to square with the FACT that MKHD has TWICE now issued dire warnings about the impending destruction of its share price. Why TWO such "warnings" ... and no action on its part???
I'M "CONFUSED".
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