Friday, March 13, 2020 3:58:44 AM
On another note: The S-1 has been submitted. With the terms. Emerging growth company. Testing the waters. Rule 415. Filing an S-1 instead of other options available indicates a real intention of IPO of raising $5 million dollars with a little over 4 million shares. This is real. The sucky part is using rule 415. This allows up to 24 months to sell these shares. So we could possibly be listening to you for 2 more years. Aaaaaawwwwwww.
In my Charlie Brown voice. More than likely there will be an S-1 amendment. But. This means those 4 million shares are taken. Plus the shares allotted for the convertible notes are taken. Which means pretty much all the available shares are taken. So. If all the available shares are undeniably taken, what’s the possibility of naked shorting happening?? Hahahahaha. Now. I don’t know about anyone else but I’m thinking the price has to go up. Supply and demand between the longs and flippers. The longs will buy/hold and squeeze the float. Until Jason can slowly sell off parts of the 4 million shares as the demand grows. Once PAG has shares to sell the price goes up fairly rapidly. Until fives continuous days above 2-3 dollars on the close and he’s on the Nasdaq. How many longs are going to sell?? Naked shorting is over. The corona virus has the stock market in a tizzy. But. On the flip side health care will extremely need cyber security.
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