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Saturday, April 30, 2016 2:37:51 PM
Material Events need to be disclosed to the public via an 8-K within 4 business days.
April 25 was the 4th business day from April 19.
Also note that on April 19 .... Plenty of shares were given to cover debt past debt - this is also in the 8-K.
Confirmation needs to come and either we fly on it or we go to no bid as the company is worthless.
Also, saying some date causes buyers to buy and hold for some event.
If you are a noteholder and have plenty of shares to sell you don't want competing sellers.
Saying the deal will close shortly will cause more immediate buying and holding.
Also note that the company is delinquent in its filings.
So, yeah there is lots of reasons to believe this is a sham. That's why its hard to reach 00s. Lots of people have a hard time believing in the story.
That's why confirmation will send this up.
Friday's actions seem more like someone selling shares obtained through debt conversions than manipulation.
Short % was 21.9% and that indicates most of the shares sold had been in someone's account for more than 3 days.
Sure, I want to believe that this will go to the moon but unless we get something concrete ... it won't go further.
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