1 ** You are insinuating as if the TJ Management transaction was a bad thing... it's not... it's actually a good thing.
2 ** You are insinuating that FINRA denying BLDV from a reverse split was a bad thing... it's not... it's actually a good thing.
I am not "insinuating" either. I am stating it as fact. The TJM episode was a disaster, and it seems no attempt has been made to fix it.
The TJ Management transaction with the previous BLDV management allowed for a huge part of the Float to be officially locked up to not be traded.
Had the predecessor company not become involved with TJM, the float would be smaller, and none of it would be "locked up". And FINRA would presumably have no problem allowing the company to effect corporate actions.
Do you really think that they knew of that transaction or was even part of it to where they couldn’t prove such to FINRA?
No. At least I suspect Alper didn't know about it when he became involved with the BLDV shell. And that is inexcusable. You don't take on a shell without making sure you know EVERY skeleton in its closet.
If you are simply trying to say that BLDV was tainted because of the TJ Management deal that was done a few managements ago back in 2010, then I get that. BLDV was tainted because of that transaction back in 2010, but it’s not tainted now because of what BLDV have done and are doing now.
And what has BLDV done to deal with it? Nothing I can see.
Not being approved by FINRA for a reverse split is really another blessing in disguise for us shareholders because it provided the needed time for management to realize that a reverse split is not needed to provide the liquidity that would not have existed otherwise.
Once again, this company does not need a 2.4 billion share float. NO penny stock does. As for liquidity, it would not have been a problem. The split planned was only a 1:10. There'd have been plenty of shares outstanding, and they'd have traded at a higher price.
Going forward, BLVD will need to issue more stock. Acquisitions and the completion of projects is not free. And so the o/s will become larger and larger.
This is kind of like a share buyback without having to spend money to have shares taken away from being in circulation within the true Float.
It is NOTHING like a stock repurchase program.
