Friday, April 20, 2018 10:24:03 PM
How exactly does the company name change i.e ticker symbol change tie in with the ongoing hyper dilution and otherwise MMG discrepancy about share buyback? This alone to me is a BIG READ FLAG!!!
I am not inclined to believe that is going to help significantly reduce the float and promote shareholder value.
With that said, this pending name change of a public vessel designed to reverse merge small cap businesses is just that, a name change. It does not address questions about stock ownership or share structure. Nor does it keep shareholders abreast of efforts the company is making to bring in a healthy, viable and sound biz to further attract new investors and grow the stock price. Because there are none. Whoever in their right mind would merge with a company with the AS of 10 Billion and no cash in their coffers?
I respectfully disagree on the lack of share selling part!
"The seller" sure knows how to dump shares without hitting the no bid.
That's what's up. No rocket science here.
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