Thursday, December 21, 2023 8:36:41 PM
This is the day I upped my stake in SPZI to 31M shares. Sold some equivalent priced shares that I had 100M of that were not really going anywhere. Just traded, basically. I have more than that of nates, too...And others, of course.
I do expect JP to bring this off, and uplist it, which means a reduction in OS, and becoming fully SEC compliant. The reduction should be by share buyback. He's already said an RS is not on the table, so that's the only other way to reduce the OS, and raise the SP. You can't get to $0.01 with an OS of 5.5B - that would make it a $55M company market cap, which is not going to happen with sugar and chicken paws, overnight. They HAVE to buy shares back.
For those that understand the lingo, here the requirements for uplisting:
OTC Listing Requirements
OTCQB is the only one that would be applicable at this time, and that requires a share price of $0.01 for 30 days minimum.
Lets see... 31M X 0.01 = $310K.= A good start.
I do expect JP to bring this off, and uplist it, which means a reduction in OS, and becoming fully SEC compliant. The reduction should be by share buyback. He's already said an RS is not on the table, so that's the only other way to reduce the OS, and raise the SP. You can't get to $0.01 with an OS of 5.5B - that would make it a $55M company market cap, which is not going to happen with sugar and chicken paws, overnight. They HAVE to buy shares back.
For those that understand the lingo, here the requirements for uplisting:
OTC Listing Requirements
OTCQB is the only one that would be applicable at this time, and that requires a share price of $0.01 for 30 days minimum.
Lets see... 31M X 0.01 = $310K.= A good start.
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