It is no surprise... the days of putting out an 8-k or a PR about an additional business venture under their "umbrella," and then have volume spike, are over.
Even when that info was put out, and volume came in (and sometimes it came in big) -- the PPS would just keep dropping.
Many here, yours truly too, bought to "average down" but also because we had faith of a turnaround. Unfortunately for many of us, the dilution was poorly managed and continued unabated throughout last summer into the fall. Finally, the buying dropped exponentially, until it stopped. Coincidently, sometime after, the R/S was announced; and that that felt like a "punch in the gut!"
I wonder, if that heavy buying continued ... would there even be an R/S? Would the OS now be around 16-18bil shares?
Now here we are, and 8-ks and acquisitions of new vehicles ain't "cutting it" anymore for new AND old investors. It is now all about the fundamentals. Like peon says, make some announcement regarding the R/S. When will this take effect? It's been 3months since the announcement. After the R/S the SS will be much better, at the expense of shareholders, but if the fundamentals of debt management, revs & profits, etc., are good --- then even post R/S, we may be OK.
Perhaps, if MMEG were to drop the AS to about 250-300mil, maybe that would show us they have faith in a turnaround.
AI
