Looks like they are bringing out some of his big guns to help take this down. Maybe .70 is their "buy-in" price, that is until they think it will go to .25. 4 months after the reverse split, stock is still over pre-split values - show us another OTC stock that can say THAT! Stock price speculation is just that - whether you like the Yankee's, stars, pennies, or are blasting through space. Its all a big game - who can make the most out of their investments, or.....stripping down the investments of others. Thats the OTC.
No one cares about the preferred issuances and conversions, because the CEO clearly explained her reasons for it and that those conversions have no public float impact for more than a year anyway. Those criticizing it are not in a decision making position for the company, so whatever they think, is quite irrelevant, especially if they don't have a cent invested or hold any shares. The only time it could be said it may have been wrong, is if the company's investment bankers say it is. Other than that, you are now invested (or trying to take down) a company with a $20M market cap - and thats accounting, no matter how you spin it. If it gets back to $5.00, well,.... just met TWO MORE uplisting requirements. I am keeping an eye on the company meeting listing requirements, because I feel that what you will see over the next couple of months, is all designed to try to meet those requirements. All this other negative stuff is just nonsense.
I feel that this company has moved very carefully from an administrative standpoint - those who think "revenues" are they key, are looking to day trade on the news and results, and to what end......there are dozens of OTC companies with millions in revenues that will never get off the OTC because their management (or their shareholders) want to keep playing the penny game, or they aren't smart enough, they don't present the type of business opportunity, or they just don't want to move up and compete with the big boys. There is a reason why the NASDAQ has various listing criteria for companies with NO REVENUES, or they wouldn't allow that.
Every board has its negative posters, playing the day/short game, or are there for personal vendetta reasons. Its obvious who the supporters are, those who have actually analyzed the disclosures and understand mechanics of business and raising money, and then there are those who enjoy the game with no risk, no reward at stake.
Don't let them make your squirm. They are using you to entertain themselves, honing their skills for the next take-down.
