FONU2 Inc (FONU)

[Sooah]

Not very nice at all, indeed. I think they could have financing already lined up which is why they filed the 14c. FINRA would approve the R/S only if there was a definitive plan to warrant the corporate action. In FONU's case, there is ~$50K in debt left and potential financing commitment based on some correspondences I read. Long term, this could benefit shareholders not hurt them, hence there could be a silver lining here somewhere.

I hope this to be the case for those who will choose to hold.

I gave notice to the board that I was exiting last week due to dumb trading I saw hence I do not hold a position here. This does not prevent me from providing an objective comment on what I foresee coming here.

If the O/S and float adjust to 2.5 - 3MM shares, any positive news can send the stock flying.