A/S increased/O/S increased to still only 950M/650M.
While growing the business to over 100M internet sites and over 28million TV households with ANTV.
Plus, over the last 8 months, hired top personnel such as Hughes. Retained Greenberg/Traurig law firm to help negotiate a top cable carrier contract. Moved offices to Nashville to take advantage of the growing country music forum, which has been undermarketed. Greenberg/Traurig has strong connections to the Grammys/CMA awards and the artists, and has completed many large carrrier contract deals to date.
I understand everyone's frustration with drop in pps, but IMHO, the CEO did not create the downturn in pps. The pps was hyped up to .002+ from momo and retail traders. Once the pr was announced that the O/S was increased marginally from +-450M to 650M, retail traders panicked and bailed.
Plus, IMHO, this stock is shorted/naked shorted to the max.
Seen thru mirror trades consistently and higher bids being passed up for a lower bid from MM's notorious for shorting.
If a CEO wanted to run the bank, would have authorized 2-3-10B shares. Any growing company either creates income required for expansion by issuing more shares or going into debt. Why not issue more shares, especially if the current total is very low compared to so many other stocks at this pps with no growth initiative, and retain 0 debt.
Best Regards
Not a buy or sell recommendation.
AI
