Interesting reply from Rich.........it appears the reverse split verbiage was intended at the very least to induce/scare the market to wait for SEC filed numbers next quarter. I doubt they are really working on it.....it is by design. SO, imo, during this current quarter is where and when the magic will happen.
I feel like we are sitting in place such as this:
One can have money rightfully due to them, held in a third party owned custodial bank accounts, yet appear broke, AND all they have to do is ask for it when they want it. Is the bank account ours? No, it is the managing trustee's custodial account - In fact, in this possibly self-imposed limbo land, we can't literally declare it in SEC filings.....because we dont control possession of it.....yet...until its in our OWN account. Is the money ours? Absolutely 110% Yes. All that separates us from it, is a simple authorization to transfer. We just have to ask for it.
So what's the logical holdup? 1) Either our people are not asking for it back just yet, or are refusing to take possession for reasons good/bad, OR 2) there is still a regulatory heavy hand sitting on top of the pile, not ready to let it go yet.
If its 2), what can one do but wait. But I dont believe its this anymore. DC litigation is resolved. The BK has a DCR. I tend to think this lack of movement is due to Our people now.
With regards to 1), keep in mind that SEC filings reflect the prior months ending in JUNE, and a lot of ground has been covered since July, where it could be possible that an authorization to transfer cash/assets with various custodial trustees has/is taking or scheduled to take place. If there is some share exchange for value with legacy who released, and rumors of a reverse split..........maybe the market cap not being updated yet for weeks, is because the foregoing (in some order - cash/assets returned => shares4value => reverse split) is in execution right now as we speak.
Or, maybe there is another merger/buyout of something else necessary to this puzzle - coming soon, that dictates an occurrance prior to an authorization of transfer by our people, for legacy assets.
