Syz's take: Bonds, immediately following your comments yesterday, someone unloaded about 700,000 shares. That was awfully suspect. I hope it wasn't you or your "source."
From my point of view, it's always unfortunate when you don't get your way. I got my way with the reverse split, but I didn't with the authorized shares increase. That being said, I have had a lingering concern that without the increase my investment could be at greater risk. It's been a tough thing to sort out; vote yes or no. Ultimately, I voted no, however, a larger piece of the pie seemingly voted yes, so that's the verdict.
Now what?
Well, there are lots of people who think they know what's next and want you to believe it, most likely for their benefit in either camp. It would benefit me to see the price go up, but I'm not convinced it will. Nor am I convinced that it will go down. I can see an avenue for each. I'm in this thing at $.005, and have a little more tolerance for a decrease than some others here. That being said, I've decided that I won't sell until we pierce the 52 week low, and unless we do, I will double my holdings between $.0046 and $.007. Hopefully, I won't get that opportunity, because if I do, that means a lot of people took losses, which I don't like to see.
When I think about how desperately the company wanted the AS, and how they sacrificed the RS to get it, I think about my own company and whether or not people would believe if I know what I'm doing should I find myself in the same position. I would hope so, because no one knows my company and its needs better than I do. For that reason, I am compelled to believe that Mr. Lagan sees this move as both the path of least resistance and the best course of action. Sometimes, as CEO, you have to subject shareholders to a little discomfort for the sake of themselves and the company, and they don't always share your enthusiasm.
So, in summary, I'm accepting of the vote results. I wanted a quick run, and it started looking more like a quickish run. I held. Now, it's looking like a tortoise and the hare scenario. As much as I prefer to get wealthier faster, it just isn't going to work out that way again, lol. I'll have to work for it as usual. Fortunately for me, I like to work.
I don't blame anyone for cutting their shares loose in the next few hours. That is your preference, and I understand that many people just want to focus on faster turnarounds. I do that a lot. So, good luck to those people and I hope you don't get hit too hard. For those of us who see a job well done in our future, good luck to us too. And for those of you who just need to be right and prefer to point fingers and lash backs, do what you do best; laugh at people, ridicule people, and try to assert your imaginary powers on the investment community.
I don't know what the trading day will bring as far as the PPS goes, but I can tell you it will be exciting for me to witness how the masses react to news that most people don't know what to make of. If I were to guess, and I will, I suspect that there will be fewer sellers than expected, because those people couldn't handle the suspense of waiting and bailed ahead of the vote. I suspect that we'll swing wildly today, creating opportunity for flippers, and end up closing somewhere near the current price. But it's only speculation. I'm looking forward to learning a bit more about the market today. School is in session.
Peace out.
AI
