Wednesday, March 30, 2016 10:15:05 AM
On a pps note, I believe that if Tom has any share buyback planned that he would purposely keep the share price down until he's ready to purchase those shares back. That way he can actually retire them at a cheap rate and not just turn them into preferred shares. That may explain why he has not been communicating with us, even though he has the social media set up already. A combination of second quarter financials with the MoM revenue, an O/S reduction, perhaps the release of the VOD Search Engine, and some information on the New Broadway Cinema, all in sequence within a relatively short period of time could take the pps up to .01 from where it is right now. At that point he could do his RS at 1:20 to take it up to $0.20. Then he can convert his 20 million preferred into the restricted common shares without hammering the share structure.
What may be a good thing for us is that he's playing his cards close to his vest. I don't think he wants flippers jumping all over this on it's way up and slowing the pps climb, so if he does it in rapid succession, he may avoid that altogether. At $0.20 and a reduced share structure it's a little harder for flippers to get traction even though we probably all flip to an extent when we can.
We'll see. I just keep adding a few million at a time at .0001 when I get the spare cash. I'd love for the pps to do something and I expected it to by now, as have many others. However, those who have bought millions at .0001 or .0002 expecting a quick bump in price may get impatient or bored and sell out at .0001 before this takes off over the next few months. That will allow me to purchase even more...
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