Atlantis Business Development Corp. (fka ABDE)

[Way Truth Life]

I am positive about the Reverse split. I had quite a few shares and they were suddenly divided a factor of 100. I talked to the Broker and drilled down as far as I could with them.

This was suddenly, and apparently secrety done by the company and the TA. Previously the company according to their latest Financial Report showed approximately 18 million shares as of the end of June. If that was the float right before the Reverse split then we should only have a grand total of 180,000 shares in the entire float right now.

The stock has barely traded since this Reverse split took place and the Bid has been around $.55 and the Ask has been anywhere from $1.50 to $2.00. One other oddity I noticed is the Ask has been much smaller in size than the Bid shown.

I am leaning to the company possibly doing this to catch a good deal of naked shorts with their hand in the cookie jar. Imagine if there are several million shares that were naked shorted and now they don't have ceritificates or actual shares that they borrowed from initially? They only would have a pool of 180,000 shares total then to buy from. Major ouch if this is the case for all naked shorts. If this is the case I have no idea how high the stock could get with less than 200,000 shares total to be traded.

Right now this stock does not appear to have hit very many radar screens about the potential of what we could see in near future. If you go back and look at this stock earlier this year it was amazing how the company produced all sorts of PR's and ran this stock up 50 times over what it was initially trading in less than a month's time. They obviously know how to do the PR's and get momo going. If they indeed have some quantity of naked shorters caught in a trap this could get crazy.

Most of what I posted above is speculation and opinion since I still do not know why the Reverse Split came on a relatively small float to begin with. The one thing I do know for sure is there was a Reverse split of 100:1 and it came suddently and unnanounced.