According to the investor relations company, nothing
has changed with PAPA. They claim it was not the company
selling stock. Their thought was that a third party had
some stocks to unload, hired a group to promote it to
keep the pps up and the volume moving. The claim of
dilution is what everyone wants to use. Only 1.1 mil
shares traded betweeen Apr. 13th and 21st, 275K since.
So, how many pinks do you see that have 4 to 6 mil float.
The IR co. gives out info freely. Why the company does
not respond, I do not know. Maybe they are too busy with
the audit that is supposedly coming out shortly. Maybe
they got PO'd with all those orchestrated phone calls
from those that wanted to see the company fail or at least
lower the pps so they can buy in. My DD shows that the
company still has a master lease with Walmart, The store
that was supposedly in trouble in Tn. was quoted by the
asst. mgr. as profitable and their business is accelerating
in the past few months. China has a store open and running.
2nd store supposedly opening soon with a minimum of 60
planned for the future. I think an investor of this stock
should ask themselves one question. What is the position
of the poster that is either negative or postive of this
company? Do they own the stock? I would suggest that
if one was interested in getting a position, wait until the
audit comes out to see which facts are believable.
Disclaimer. All my posts are my opinion from my DD and
is not to be construed to be an influence to buy or sell.
