1-for-1000 Reverse Split was expected ,,,
for the last 6 months , since the previous Reversal.
The 6-month-Minimum Time-Out is Required by the SEC.
[The wait is even required for Non-Reporting Pinks.]
So, the new sw-whatever may be born at ~$0.10 , [at the
highest , and sinking fast] , with ~8.75 Billion more new
conversions flooding into the newly dredged seaway , ASAP.
And, there may be a few new buyers. And, maybe even a few
of the previous escrow fans. All-in-all , it's Great News ;
For The Shorters. They love 1-for-1000 reversals. They
even liked the previous 1-for-5 , because it sunk back down
by more than 80% before the previous commons could even be
re-named , so they could Not be dumped. Only the new-name
commons can trade after the reverse. And, that's what the
shorters will be selling. And, they will be First On Line,
even Before the CD Converters can get their 'I Want To
Convert ASAP' paperwork signed off.
Before the ink dries on that new CD paperwork , [which can't
start before the new-name trading begins], the new price
will be down 50-80% [within 1-3 days]. Only then will the
Converters be able to sell their newly converted commons.
Thus, the CD converters will be lucky to get even 10% of
whatever they unvested in the plan man , years ago. And, the
new ~8.75 Billion common shares will be all used up , Way
Before even 20% of the converters can escape ; because they
are All Toxic. On New Day #1 , there will be ~1.25 Billion
new shares able to convert , since THERE ARE MORE THAN
1.25 TRILLION RIGHT NOW . [And have been, for many months ,
as we explained , many months ago. In spite of the fans that
just keep guessing "7 Billion More" ; ignoring the Fact That
They Are ALL Toxic Now , + Always Were , + Always Will Be ,
even After the next Reverse , and the next Reverse , after
another 6-month-wait.]
So, the Toxic Converters can get 'repaid' Only If they can
dump their new 1.25 Billion shares at $0.01 each ; or 8.75
Billion shares at an average of ~$0.0014 each ; which won't
happen , because the new sw-whatever will sink way too fast.
Remember, those CD converters are trying to get repaid
~$12.5 Million in cash. But, we doubt that seaway could even
dredge up $2 Million in cash from All new common share
buyers , combined , before sw-whatever re-flatlines at or
below $0.0001 [probably within 2-4 weeks] after the new
reverse , and all of the 10 Billion Authorized common shares
are re-maxed-out.
extra , Sincerely .
P.S. ; We expect that this planned reverse might net as much
as ~$2,000,000 new cash from new + previous seawas buyers ;
almost all within 2-4 weeks , [that's ~$100,000 average per
trading day , for 1 month ] before re-flatlining. Most of the
new cash will go to the converters ; maybe $1,250,000 of
their old ~$12.5 loans to the plan-man [= ~10%]. The rest of
the $750,000 in new cash may be shared by the biggest old
longs who can sell within 2 weeks [which is Not likely ,
since , last time it took 3 weeks to get their new-name
shares , after paying a ~$20 transfer fee , each , which
was possibly $80,000 for ~4,000 common shareholders.] Those
old longs have 2.7 Billion current shares , so they will get
2.7 Million new shares , 'worth' $270,000 if sold on Day #1 ,
at ~$0.10 each , and maybe $50,000 or less , if they can't be
sold within 5 trading days.
That leaves $2,000,000 - $1,250,000 - $50,000 = $700,000
to be shared by the MM's + Brokers + Shorters. [Long flippers
can't play , because the new shares will only sink.] And,
the plan man gets $zero , unless he convinces the other CD
converters , to let him convert some of his 80% First.
Brokers + MM's will get ~20% of the new [maybe] $2 Million
in new cash [= $400,000] cash ; and shorters will share the
remaining ~$300,000 ; which is not bad , for a few days of
off-shore work , after ~6 months of watching for a reverse.
