If they were to do the most cursory of due diligence on the new coach of the TTCM cheerleaders’ group, they'd see he's the holder of a degree in business and finance which he acquired after 2 years of study (online) and from a 3rd rate Uni ranked somewhere in the middle of the 2,500 institutions offering such degrees in the US. He's a serial Godaddy website creator (I counted 4 which are all expiring in a few months, but likely there are many more). The fact that he has passable abilities in written English (after he has his grammar checked according to him) is probably enough for the masses to adopt him as the new saviour of sanity. Desperation is palpable now though and although I once felt sorry for some of them, there's such utterly obsequious brown-nosing going on in relation to this guy now, I believe they thoroughly deserve what's about to happen next.
Because, though on the plus side, Holly's background is solid and as a top-drawer business leader and experienced c-suit level negotiator he checks out imho, the fact of it is, he owes them the square root of f-all. He's already upping the AS to ridiculous levels in the sure and certain resurrection of the company through a RS. Newsflash, a RS will kill all existing shareholders' position values. Where it's being said that those with more shares stand to benefit more, that's simply not true. Once the RS occurs (whatever the ratio and it will be high 50:1 at least though I'd wager 100:1 as a minimum), the resulting SP will head south at a rate of knots. I've been at this game 9 years now and have yet to see a RS end well for the commoners. you only need to look at recent examples (Mullen and AMC perhaps, but there are so many), to see that post a RS the share price always craters. This is why they overegg the ratio to allow for the post-RS drop in sp. Usually, these things are done for compliance reasons so if they need to reach NASDAQ compliance for example (one buck), an RS in the region of ending at 2-3 dollars would be enacted, in order to allow wriggle room for the bear raid and/or selling en masse by insiders and existing SH's that always follows. They've also mentioned attracting tute and whale investors. Ridiculous. They don't look at companies like this unless the sp is in the dollar range. For that to happen, they'd need an RS ratio in the tens of thousands!
So, as they wait like puppies rolling around on their backs hoping Holly will tickle their bellies, he's more likely to dump them all in a sack and throw them in the river. After all, he had no scruples whatsoever when it came to throwing the two conniving illegal promoters under the bus. Why do they think he'll spare them? Buying and selling shares is a risk. They took that risk. They've lost. They just cannot accept it yet.
AI
