I mentioned Tom threw us under the bus in my last post. I still believe that from a profit standpoint as a common shareholder that is true. Let's face it. We were all thinking of the gains going from .0001 to .05. Then the dreaded RS hit. I wrote a ton of other posts about what a jerk he was and pretty much the same things all of you were and are saying. But I deleted each one after writing it. I kept thinking about the business plan and his latest PR regarding the RS.
The PR on the reverse split is pretty common boilerplate. They always say it will enhance stockholder liquidity and be an improvement for current and future stockholders. If he can show a continuing revenue increase then he's correct from one standpoint: pps stability. I will say this looking at the EOD pps, it is back up to .045 from .0025. There may be a method to Tom's madness although all of us were hoping to go 10x value (.001) before Tom rs'd it. I think he needs investment capital right away and this is one way to try to effect it and attract the heavy investors while at the same time avoiding the bashing and flipping that occurs when ANY stock breaks out and struggles in the subpenny range. He probably also feared the same thing that happened when the stock went to .0006 and then back to .0001. I know if I was CEO and trying to avoid all of that I'd be thinking the same thing. Take the stock out of the hands of the little guys. Obviously the common stockholders are not part of his plan to generate investment capital and our share percentage will be considerably less than the issued is going to be once he issues more shares for the heavy hitters. Yes he will reduce the A/S considerably, but not 500 times less which is how many fewer shares we own right now.
Nevertheless, I'm still in it too and holding. I'm curious as to what his moves will be over the next 4 to 6 months so I'll give him that much more time. He said Q2 not only for the .05 pps, but also when we'd see all these things (his business plan) start to happen.
Obviously the huge 50x gains that we were hoping for are out the window with the rs. It will take a lot more to make this go 20x to $1.00 than it would to go 20x from .0001 to .002. But it could be a lot steadier ride like you said Rock.
If the company business plan is still the same and if Tom is actually busy at work, then nothing other than the pps and the current A/S to O/S ratio has changed. I'm holding on to my (now considerably fewer) shares to see what he does next.
