Hard to add anything of value at this point as we are all in the dark on the actual strategy. My thoughts:
1) Seen lots of RS in OTC which I hate, but there are a very few rare instances where it makes sense and is beneficial to shareholders.
2) JMHO, this could be one of those rare cases. I say this because, they already can issue unlimited shares ( ~850M) with the current share structure and shares authorized, so a RS makes no sense as a typical share selling scheme in OTC. I might be wrong but I dont think so?? Each has to decide for themselves, especially with a silent company.
2) Sent more then 10 unanswered emails to the company, so take that for what's it's worth, maybe CEO dying of virus lol?
3) Contacted transfer agent and have yet to receive update on outstanding shares. Has anyone got an update??
I'm holding and even adding a few at each day low because it helps me average down and when the company reduces outstanding shares from 150 to 200M down to 3 or 4M at a current share price x 50 (around a 10 cent stock) the stock seems tasty, especially with any good news at all. Just a gamble, but they didnt come financially current for no reason and reducing the outstanding shares to 4M has to be for a common sense reason?
Love to hear the theories out there or thoughts but those are mine and I'm waiting to see how it shakes out after watching the last 2 day 55% drop. I do think the virus is effecting china business progress too. GLTA. Obviously otc pinky is stinky but when I apply common sense things dont add up in the typical pinky way!
GLTA.
