Not much to review, it's all in the interpretation of the news/filing/announcement. Here are the extremes in my opinion:
Pessimistic View: Gruder hired 3 of his peeps, Moe, Larry and Curley and called them Directors of the board giving them each 1MM shares each for a total of 3MM shares where 750K shares can be immediately sold into the market.
Optimistic View: Gruder setting up a board of directors with competent business folks in another step to grow the business and turn it into a legitimate company worthy of an uplisting. AND I would presume with a handshake deal with the 3 of them that they do not immediately sell the 750K shares into the market, much less the remaining 2,250K shares in the next year until they do what they are suppose to do....grow the business and increase share holder value.
I guess we'll see what the market thinks and whether the 3 of them start unloading their shares. I know what I think.
