Pita, I think you have been unfair to a management team that is trying to do the right thing. I don't know if your a shorter, or a flipper, but a couple of things I want to point out so maybe there can be some more clarity in this emotional roller coaster.
Some of the things you are quoting are obviously historical, and I would guess fairly old. The company seems to have restructured itself, so the next Q should be very telling. You said things like they sold product and a year later it was pulled from the shelf......do you have proof? Because if you are referring to the 23,000 units based on a 80,000 unit contract with Home Depot, for a product that Master Lock vetted, tested and put its historic brand name on, then you need to find the info like I did. The prior company delivered over 20,000 units and within a month of its initial delivery, the HD stores ordered another 5,000 units. They were built, delivered, sold and branded Master Lock. Show me another team that has done that? Especially with the kind of technology they developed.
Others claim insider dumping, but alas, no 144's or Form 4's filed. But if you read the last Q carefully, a death spiral convertible debt came due last week and obviously they converted part of it. Did you also read where the CEO said they paid the balance off to prevent further dilution?
Should the CEO continue to work without compensation, just so shorters can keep making money shorting and death spiraling the company? At what point would you give up?
How about the preferred shares held by the insider/affiliates? Do you think after putting $100's of their own money into this company, they are going to dump? And under what rule? They are insiders, subject to rule 144, so IF they convert, they convert into restricted securities with a 6 MONTH HOLD. Then they can only sell 1% of the then outstanding float over a 3 months period AFTER the 6 months.
A lot of these facts have been intentionally left off by the same people this reverse split was obviously designed to get rid of. I expect a very bumpy ride over the next couple of weeks. If you want to short it, or flip, it, you can contribute to the ride, or pick your price, acquire, and wait. All stocks on the OTC are full of hopes and dreams, but what I have seen Cheeky posting has all been audited, and passed on by the companies counsel as well.
I would say, if you had to take a stab at an OTC company whose management is committed and trying to do the right thing for long term survival and growth, then give it a shot.
I don't know what to make out of you yet, because your posts have obviously been one sided. We will see. Good luck to you whatever you do.
They have been very transparent and have telegraphed what they would like to do. Maybe we all would have liked to see something more definitive, but transparency is a very good start.
