I just skimmed through the filing, but it seems to me that they just undid a previous filing that exempted them from filings. The previous filing exempted them from periodic filings and now they are back having to file.
The exemption would have saved them quite a bit of money in preparing and posting the filings. Now 'they' decided to undo that.
My thinking is that when they make acquisitions, like they have stated they are in the process of doing, the new 'sellers' want to have open and transparent and official documents stating exactly what the company is doing. I think they might have had some opposition from current owners of the companies they are trying to acquire. It was a road block to what they are trying to accomplish.
In the long run, this is a good thing if this company is legit. It is going to cost them more to keep up with the filings, but if they have the resources and are acquiring profitable entities, it should not be a problem.
As for the PPS action. It is my opinion that the MM's have kept the closing price at or below the 50 day Moving Average. They do this so they do not have to deal with the extreme technical buying that comes from a closing price above that. That is until THEY are positioned correctly for the move. The market goes no where until they are ready.
Just my opinions though.
SM
