
Tuesday, October 08, 2024 12:04:00 PM
If they let the stock go to the Expert Market early next week, then most retail investors won’t be able to buy any more shares and some retail investors might throw in the towel, making more shares available to a private investment group.
Or maybe the quarterly news is good enough that they don’t want the stock to run until the Preferred A shareholders can convert their shares to common shares at 1/2 of the closing price, essentially giving them shares at $0.00005 per share. That should give the principal owners, as well as the promissory note lenders who have the Preferred A shares, most of the shares of the company, except for the small handful of retail investors as well as the shares that could convert from remaining convertible note holders.
Or, maybe they just need one more week to announce a big, fat juicy deal!
Hope we don’t get burned. I’ve been caught in other stocks that found a way to screw over existing shareholders. That’s why I stay well diversified in OTC plays. We’re in need of some serious luck on this play!
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