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Thursday, October 08, 2015 9:38:48 AM
3 reason...
1) I doubt he'll squander away the height of OTC trading season with a split when he can raise pps organically and build momentum going into it --- on a side note, I've read majority of OTC splits take place April - December.
2) There were no anticipated delays when they PR'd 2016 plans...once fins are released he needs to make up for lost time to boost pps since it would be counterintuitive at these prices... so far it's pushed back 5 months.
3) There's still conversions left. He has to clear out the debt well in advance, and allow the stock price a sustained performance long before a 14c is filed, considering there has to be a cushion for when price takes a hit in the 20 day waiting period.
IMO any plans for a RS shouldn't come into play until after they file their 1st quarter ER, and well into a return to a normal trading pattern.
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