InvestorsHub Logo
Followers 18
Posts 2261
Boards Moderated 0
Alias Born 08/16/2012

Re: chsmoke post# 34704

Tuesday, 05/14/2019 10:46:05 AM

Tuesday, May 14, 2019 10:46:05 AM

Post# of 37220
I don't expect to hear anything until at least August. Any earlier and I will be pleasantly surprised. They pretty much told us that they are not putting anything out until they have revenues and the chill is lifted.

The PR that was released was by the other party and I think it caught them off guard. They did not deny the reports but do not want to tell investors something that is not completed. They already have disgruntled investors due to the chill, late financials and other management issues. They are hoping that is behind them. Putting out news about a possible transaction and then seeing that delayed or fall through would be an enormous black eye at the point. So they are going to play it safe and get ALL their ducks in a row before coming out with PR's or filing 8K's. At least this is what I interpreted from their statements.

This is why I said it looks like we have a few month window to increase our positions at a decent pps. Once they do start rolling news out I expect it to be fairly steady as well as high impact news. At that point you might be chasing pps. JMO of course.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.