Friday, April 30, 2021 6:34:44 PM
1) the lack of trading is, in my mind, a good sign. If the shareholders were nervous they would be dumping. That hasn't happened. There have been a few who bailed but nothing like you would see in a mass exodus.
2) not worried about websites at this point. They are nice ornaments but that's about it until we get some news.
3) not sure about how they will finance things, but there are billion $ deals that go through without a penny being exchanged. After that happens everyone will say, "oh, that makes sense". There is a multitude of ways to make a deal work...dont' know which one is coming.
4) Alternative reporting permits companies a LOT of leeway in reporting to shareholders. This one is no different. If you don't like the opaque reporting rules, do not invest in alternative reporting entities.
5) 3 men, not 2. And the last one, Tipton was involved in regulating Colorado's move to limited gambling...
They did tell us that they were exploring a merger and had entered a quiet period. Then they filed for an extension. For a company with limited revenues why the need for an extension? Could it be that the "deal" is close and they did not want it to appear in the "Subsequent Events" section of the 10-K?
Not sure about that but it was the first brain fart I had when I read it, so I'm riding with it.
Hope everyone has a good weekend, it's coming soon, IMO
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