Saturday, January 16, 2016 2:36:24 PM
Is it truly insider buying, or that they are cashing in on their warrants?
http://ih.advfn.com/p.php?pid=nmona&article=69753389
I know it shows shares sold, but in order to regain NASDAQ compliance, they are trying to convert all of their warrants and possibly do a reverse split to bring the Share price back above 1.00 to meet compliance as per their Letter from NASDAQ in December 2015.
http://ih.advfn.com/p.php?pid=nmona&article=69670658
SO, in my own personal opinion, it shows that they are cashing in on all their warrants at a rate of additional 50 Million shares so that a reverse split can be done to increase Share price...then possibly ask for an increase in Authorized shares afterwards.
Any insight would be greatly appreciated.
Thanks!
In My Own Personal Opinion Of Course!
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