I'm not in the management, so ask them if they will file to reduce the AS.
Who knows? I just know that the increased AS now a redunant, irrelevant issue and it became such very recently. Furth publicly talked about this.
Doing such might ease investor 'fears' and take away some of the whining of the bashers, but at this point probably doesn't matter.
What people need to understand is that this company, unlike most penny stocks, has a real income and really no longer needs cash from retail investment from their stock to prosper and operate.
But, they do need the shorters dealt with to develop further as a company. This NSS problem is just an extention of the same financial sheannigans that has become pervasive in the financial world, and many of the MM's here have also been players in those shennaigans elsewhere. It's a general attitude of arrogantly playing fast and loose with the rules like that, just for the sake of another few percentage points, which has brought down many financial institutions lately, and has thrown the USA unto the entry door to another depression.
If you are a small retail investor, your main role in this drama at this point is as a passenger along for the ride. Simple as that. Your call.
This is why SPNG is retiring shares and NOT diluting. If they were diluting and wanted to reduce the OS they would just do what every other penny stock does and RS. But no, what they are doing is so very rare in pennyland. THAT right there should lock in the radar of anyone with more than two brain cells to rub together.
Unlike most penny stocks, they are actually in the black, making money, and the rate at which they are doing so is increasing.
This drama is about to come to a head. What you are seeing on L2 is a fight between big buyers and the shorters.
The shorters and buyers do want your shares right now, as many as they can get. If you stick around, yeah, there's a chance you will get screwed, but there's a far higher likelyhood that your profits will push you into a much higher tax bracket.
Bail or stay, that is the personal call everyone has to make.
The bashers do give me a chuckle, when I bother to read them. They sound like the same guys who write the scam spam in my email box. People should keep in mind that if they were a real investor and they hated this stock so much, they would be spending their time on making money on a stock they actually liked.
AI
