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Tuesday, August 05, 2008 12:50:21 PM
I believe the last filing to the Pinsheets had at least two purposes:
1. to be able to find out and disclose (then againg a new file) how many shareowners are and who the top 5% are.
2. To be able to show how strong the Company is now and to attract Market Makers.
It was delisted because of the lack of filing for too many months (look at way out of 30 days rule). Find out yourself.
Even if it was not it must be in TNOG interest to add Market Makers in the stock because of the thinly trading.
So any filing like the last one posted from the Issuer/TNOG in the Pinks is for the good. Because they can act on the filing and call Market Makers. Show them they are doing great?
TNOG is trying to add filing to the Pinksheets to be re-listed (or/and to show they are doing all they can to comply with NASDAQ PinkSheets requirement.
Brandon mentioned in the Blog that they have a few pending aquisitions. It may be they trying to add interest to MM's to quote the stock.
Anyway: My opinion is that it will be only for the good to add Market Makers to quote TNOG. That would of course mean much higher volume on good news....
Disclaimer: I am not a basher or a hyper! I am here for the purpose of fun and trying to find info. My posts are solely my opinion. I am not a registered broker or a professional analyst. Don't make any buying or sell decisions regarding my writings here
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