What will happen here post R/S is up in the air. The only positive, the SS will be much more attractive.
BUT, just as there has been very little to no buying at .0001, there will be the same action at .25.
MMEG will have to come out will quality PRs, specifically dealing with securing long term financing, consolidating & managing debt - and if possible (depending on how much funds they were able to procure) paying off note holders . . . and of course, a plan for Revs/profits.
Remember, when there was heavy trading volume here --- at some points, there sometimes showed 1.5billion shares on the Ask at .0001. That will now change to about 600k shares that want to be sold.
The dilution got away from them, almost at "addiction" levels. I know for them to grow, they will have to do more dilution and use shares. But, if done properly (and responsibly), and revs/profits are the result, then maybe. We have to wait and see what happens, and see how the Poolworks re-launch pans out. IMO, I'd be comfortable with an OS of around 50-60mil shares, AND I would be more comfortable if the AS was at 100mil shares ... 200mil at the most. That 850mil shares scares me.
Now I [we] wait. After these tax cuts take effect in '18, especially in late Q1 and Q2, I believe the market is going to boom (again). I expected to be long and pull a portion of my investment here around this time and ride the rest. Now my money sits, just sits, and IF this works out, it won't really materialize until Q3 or Q4 '18 --- and missing out on, potentially, another Market bull run.
Just venting and of course, IMO.
Anyway, Happy (healthy & profitable) New Year and GLTA!
