Wednesday, May 13, 2015 10:08:51 PM
after the 1/1000 rs recently if the last known
share count of about 52 million was the
same after some quiet, unbiz years...
Couldn't be over 100,000 because the authorized
share count was 100 million...The amendment to
do the reverse split and raising the authorized
share count to 200 million came at same time...
So a shell didn't issue any shares then because
no new biz activity has been unfolded...
Next, Chin could have plans to merge a new
enterprise into NIHL using new shares or
some preferred share mix...
That type move could raise the outstanding
share count with typical rectricted shares
but still leave public float ultra low...
And that would be the marketing plan to
attract a real good private company seeking
to expand with public market exposure...
So the share price at some point adjusts
to info of a new enterprise...
The old failed biz that was using the
symbol most likely failed and expired...
So that is the guiding thing that leads
to this type guess for a scenario...LJ
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