That's just it, there's been no news, nothing, NADA...
If there was nothing left of this company, why would they bother releasing a PR stating the the proposed R/S has been cancelled and they've upped the A/S - there's no point if the company is dying.
So why do it?
We know that the R/S was a non starter as it would leave too few shareholders to be a public company - they had never actually carried out the R/S, they were just getting the option to do so in place.
Why the share increase -this looks on the face of it to be linked to further acquisitions, possibly some to pay off expenses which might include auditors fees because they're still delinquent on their filings.
According to DF the audits were progressing were and it was the issue with Smith refusing to let the auditors seeing the books that stalled the audit programme (this was the situation according to DF - take to or leave it folks).
The reality is we don't know what's going on - unlikely the company is dying as there's no point in issuing a PR. There''s talk of some information next week, only time will tell about that.
BUT
There's been nothing for quite a few months and then all of a sudden we have 300 million shares traded - could be back and forth from the MMs to lure other buyers in but that's a lot of effort for not a lot of gain or we're getting some people accumulating before a news release, potentially next week???
Potentially new acquisitions / litigation announcements / filings could be any of these or something else, we'll only find out when it happens.
Good weekend y'all when it arrives...
Per Ardua Ad Astra
