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Tuesday, June 21, 2016 6:29:11 PM
"List any stock split, stock dividend, recapitalization, merger, acquisition, spin-off, or reorganization either currently
anticipated or that occurred within the past 12 months:
Effective June 10, 2016, the issuer conducted a 1 for 14 reverse split of its issued and outstanding common stock.
The issuer has no specific plans to engage in any merger transaction."
It says currently anticipated(as in future events) or that occurred within the past 12 months(past tense, already happened).
Is the word specific deliberately used? I would think that if they were going to merge with klean, and the rs had something to do with it, then I would interpret that as specific plans.
So why is the last part in bold in that document? The rest of the document that I downloaded from that link, only has the section headers in bold. Then just that one sentence. Why is that one sentence bold? Are they really saying nothing's going on? Are they trying to cover their tracks? Was the filing hijacked and modified? Was it really bold, or is it just me seeing that?
Last thing that's getting to me is Mann. He holds 39% of the company's shares. What is he doing? He's still holding? Why? Because he can't sell? Restricted? Plans that will make them worth a lot more? He could have sold them for a 10 bagger(in theory, if he could have dumped 30 million shares when the 10 day average volume was in the hundreds of thousands without driving down the price due to dumping/flooding the market with shares). Here's another one that I thought of that nobody has mentioned: he is a sick and twisted individual that likes to play with people's lives, emotions, and finances, as if he were God. He doesn't care about the value of his shares, he just wants to play with the value of yours and see how far he can push it. Power trip CEO.
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