Just to make sure that everybody understands that the temporary dive today was not caused by a BLLN printing press hidden away in the basement springing into action as so often is the case with PinkSheets, but likely the was sell off of old CDs or otherwise restricted equities coming of their hold restrictions
Although being kicked down to the pinks for failing in their periodic report requirements, the stock is still registered with the SEC. No 15-12G filing for "Securities registration termination" has been submitted. Most people get confused and think once pink there are no more filing obligations. This is simply not true. It all hinges on the registration with the SEC of your securities.
As such, BLLN is STILL subject to all of the SEC regulations. Because BLLN is behind in all of their periodic reorting requirements, it means that BLLN cannot issue or file for issuing more stocks to sell. The SEC will not accept any filing for more shares to sell as typically would be dine with a SB-2 or S-8. Neither are they eligible under Reg D 504 to issue shares under the $1 million cap.
BLLN just has no way of of selling equity for cash as of right now.
As a side note. HDSN must be the worst seller I've seen in a long time as far as selling large holdings. Can't be much more heavy-handed than HDSN. NITE is a dream compared to these guys.
"You can't be a real country unless you have a beer and an airline - it helps if you have some kind of a football team, or some nuclear weapons, but at the very least you need a beer". F Zappa
