"If" and when PLSB makes the following announcements THEN this stock could easily shoot up to $0.05!!!
1. CEO resigns
2. New CEO with reputable resume AND track record
3. The END of Toxic Funding - period 4. Reverse Stock Split
5. New (Equity) Financing after Reverse Stock Split!
Announcements #1 through #3 would run the stock to $0.05. Announcement #4 would make the stock drop back down but not back to "these levels"! And announcement #5 would take place at an equivalent price (post Reverse Split) "ABOVE" the current level.
Stock runs to $0.05, a fifteen for one Reverse Stock Split is done. Stock drops back to about $0.02 (still way above here $0.0013). An equity private placement is done at $0.015 (new price after Reverse Stock Split = $0.225)!
New structure post Reverse Stock Split: 50,000,000 Issued and Outstanding (assuming there's 750M by that time before RS).
New Raise: 10,000,000 priced at $0.225/ share. Raises $2,225,000 less fees
Total OS after fully Reverse Stock Split and diluting for new capital raise- est 60 Million Shares trading at $0.225 post Split giving the company a new market cap of roughly $13M. With the new equity raise, NEW CEO, and resources to focus on their core brands they can get back to over 5M in annual revenues. Anything shy of that is wishful thinking unless you're looking to scalp $0.001s here and there!
- SMH
