The only discrepancy I see is the authorized stated incorrectly. The 85M million everyone is up in arms about has been reserved by TA or company for an obviously previously held obligation of some sort which could be for an acquisition that they are finalizing!
How does trading volume over the past week directly relate to reserved shares? There is NO possible way for any of us to determine that. The company itself would have difficulty determining that because the MM and brokerage houses would never cooperate. None of us know where that volume came from and who is doing it! if it where that easy the SEC itself wouldnt have the difficulties they have when conducting their investigations. Does anyone remember how much trouble the SEC and FINRA had gathering trading data during that circus of a scam Enron? Believe you me I learned alot during that time period.
The 85M that everyone is screaming dilution may in fact have zero to do with actual dilution at all. I have no idea why every time something happens with this stock a few inexperienced individuals get everyone else all worked up over incomplete information? There are some folks here jumping to some pretty negative conclusions at the drop of a dime and I have to wonder why in Gods name are you invested in a company that you dont trust?
Also, before anyone says they are not going to support a company that doesnt take care of its shareholders" (which quite frankly I am tired of hearing) ask yourself why would a company care about any "shareholder" that doesnt see them as a company, with real people employed there, producing products and going to work everyday but rather a ticker symbol that they flip at a whim? Thats not a shareholder, thats a day trader and an opportunist. Thats also betting on the short moves not "investing" in a company, its business model or its people. Seems to me that the people complaining and suspecting the worse the most think this way because thats just what they would do if put in the position. You flip you gamble. Thats just the cold reality of the game that some of chosen.
Imagine if everyone decided to just hold and refused to sell? what would happen then? Price would go up and spread would tighten. That would require a long term approach and patience from those who actually believe in what the company is doing and will do. Thats the OTC and like my friend Tyaz has told me more than once "thats just the OTC and its not going to change". I would add "because the traders on it are short-sighted looking for a quick buck".
I am not worried about 85M shares being held but I am curious why? I am also not worried about the 600M authorized. Actually I would be encouraged by it because it is looking more and more that I was correct that this company is preparing to merge with another company, buy another company or both. The company is growing and that takes capital. My opinion..... Its about time! I have only been waiting 5 years!
Also, I think it bears mentioning here that a company is not a ticker symbol folks. A company is a business that produces something, sells it to a consumer and turns a profit. For 4 years this company has not done that and now that it is actually producing we have fellas here saying the CEO is crooked and the company is a scam? Am I the only one that is scratching their head here?
My advice, if you hate the company...sell. Better for all of us if you moved on to your next fleeting interest. Some of us are here for a real return and a 1/10th of a penny aint it for me folks!
