That is indeed our ace up our sleeve, FireMed. Because we are screwed without that lack of liquidity they possess as I see it.
They could have given the company $50,000 at 1 cent per share. 5 million shares instead. That would fair. They can't find an investor out there? Do something ethical like that like Fineqia over there. That's why Fineqia is my GOOD category and this one in the UGLY. LOL
At least Wang Fei put up $350,000 "representing 59% of the outstanding shares of common stock in the Company, at a purchase price of Three Hundred Fifty Thousand Dollars ($350,000)." almost 3 years ago. Can you believe we've been waiting longer than that? These guys take their sweet time. Meanwhile, they lose about $100,000 a year now just to procrastinate. They spend more money by procrastinating than the money they invested. So, yeah, I'd say they are stuck right now and righly so. So they need to recoup all those costs too. And some liabilities in there.
That's probably why DD is talking about holding over $1. The last they want is us poking around here. But, DD, you should watch your back too. Don't think of us as the enemy. Think of us as stewards of the story. If they would talk more and start acting happy like they used to, I could probably be a happy steward. Do you have any persuasion in that regard? If I saw apps with good music with sales figures again, and plans for more clinics. And WENDY. And GROWTH stories, etc. etc. In fact, come to think of it. If they were smart, they'd see us as their cheapest stock promoters. Honestly telling the story as they put it out there. So, do they want to put out happy stories again? Or do they want to pout, shut down, act depressed, and not talk? We are the free voices. We don't find people. But IFF chatter gets out there, the people will find us.
So anyway, Wang Fei originally had 90% I think. At least all shares say restricted at OTC. I really don't know if they'll be in a lockup period for a full year. They should be under normal circumstances, but they may have a loophole. I'm not a securities lawyer. And, they should round the share count out to 200M by giving the difference in shares to highly professional stock promoters. Like 10 of them. I don't even know if that's legal anymore. I hope it is. I don't keep up with all the changes, and SEC is always making people working harder for their money these days.
But the way this is all structured, it's not good to go long I don't think. The capital structure here is that they win all the way down to fractional pennies. It would behoove them, however, to plan thise wisely and get the stock up. Then all the tech analysis guys, which are just astrologists, would see pullbacks as entry points. Like maybe a pullback from 75 cents to 20 cents. When, in actuality, these guys will be shorting the stock essentially. Covering at .001. Which they've already done ahead of time. That's how I see it. Now they just need to sell to somebody. They have a story and a good book cover. But no publisher. Well, they could have a great book cover if they would just erase all the bad and address shareholder concerns here. Then maybe one day they can finally emerge, have their freely trading shares, get their ducks in a row, and put up some numbers that can be extrapolated out to global domination. Unless they did of old age first. The way they drag their feet, that's another possibility.
That will be my cynical view. I could be wrong, of course. But that's how I'm going to play my cards and cover my back side.
And who knows. Maybe they will be a billion-dollar company. I'll consider myself the venture capital. I'll hand that baton to other investors to enjoy the fruits of that company down the line. I'll wish them well.
AI
