As much as ya’ll don’t want to hear this, I still think Kim is going to have a r/s. I hope he doesn’t, but I think he will. What his latest statement in Tom’s Corner has to do with having or not having a reverse split is a mystery to me. The two items are not connected.
I have sent 3 emails to Kim asking him to make a simple statement on Tom’s Corner that he has no plans to initiate a reverse split of NGCG’s shares. I know others have asked him the same thing in emails. He has time to write up the latest blurb, but the one thing that has shareholders worried, the one thing that will kill this stock, he still refuses to make that statement. Why? He has been asked by quite a few people. He knows exactly what kind of poison a reverse split means to this stock. He has had the entire process thoroughly explained to him by multiple people.
I am not trying to be Chicken Little screaming the sky is falling! I don’t pull that bullshit. I am legitimately concerned that he is waiting for FINRA to approve his request. Normally, if they do, a company will announce it either after the market closes on Friday, or you’ll find out about it Monday morning after the market opens. Surprise!
The process normally takes about 10 days. With Thanksgiving, it will probably take longer. Plus, Kim has never done this before. There is a lot of info he has to submit, plus there is info his lawyer has to submit. The T/A and the Secretary of State have to be notified. The announcement could come as soon as this Friday or next Monday, but I doubt it. I would keep my eye open for the following Friday or Monday.
Like I said, I really hope he does not have a reverse split, but I have a belief, based on numerous ‘things’ that says he may spring it on us. As I’ve posted before, I do know that the first thing Kim did when he returned from Hong Kong was call FINRA. Followed by all this silence. Why? To push through the r/s first, then make announcements?
I’m wayyy to suspicious of these penny stock CEO’s. I don’t trust any of them. Mr. Transparency is being anything but! You can get as angry as you want with me. I don’t give a crap. I have a lot of money in this turd. So do a lot of you. I’m just doing everything I can think of to protect my investment. I didn’t start warning people of a possible reverse split because I had nothing better to do. You need to think about that. There are reasons I began to warn people. I really do hope he does not ‘go through’ with the r/s. I hope he has changed his mind.
Good luck to all of you. Over and out…
