Hello HK et. al.,
My novice thoughts: (novice - emphasized!)
1. I believe that there is s need for the service being provided - ie. I believe in the product
2. I believe that Orie has taken an action in the interest of long term protection, growth and benefit of the company and the shareholders (longs).
3. Being a positive cash flow company, I believe the pps will reflect the true value of the company - in 2 quarters (+/-)
4. If /when there is an acquisition, the pps will adjust upwards - as long as the OS stays steady.
5. The increase in AS is usually a tactic used to prevent ‘hostile take overs’ or for ‘acquisitions’
6. While I cannot (do not want to) judge the $5 for 8 shares, we have (most/some) lost money in the market. This is Orie’s way of cleaning up the past mess - pre Orie.
7. Based on the above, I believe Orie is preparing for the future.
So, all I know, again from the above, is I need to have patience and wait. Can I?
I will admit, as I have posted before, that I do not understand all the requirements of the type of offering Orie is proposing.
I do have 1 question - if we go through the RS, will the offering of 0.005 change to 0.05?
Thanks and, while I may receive negative replies, I look forward to constructive criticism to educate me.
I have doubled my position and waiting to add more.
AI
