Possible R/S Motive?
I have a hard time believing that the motivation for the announced R/S is what appears on the surface.
First, Furth posts this peculiar message on this site less than 24 hours prior to a post dated R/S announcement - on a holiday weekend no less. Second, typically companies who R/S don't post financials or are in the process of failing, and this company does not fit the typical R/S bill. Third, someone (AYME) seems to be accumulating a disgusting number of shares. Is it possible that the most recent run sent prices too high, for say a possible buyout company, and needed cheaper shares to ensure buyout/possible R/M? Fourth (and no idea on this one) but do companies usually pre-announce a R/S prior to actually executing said split?
Lastly, and I believe most importantly, do companies with exponential sales and earnings growth typically do a R/S for any reason? Ones with zero debt and nearly pristine balance sheets? I have a feeling something is going on here, and I have no idea what, but I'm surely not selling my shares at .13 when I've already come this far. As a matter of fact, I'd honestly rather see them go to zero if this is indeed some elaborate scam.
Either way, this chapter of the SPNG novel makes things even more interesting than before. I'm going to hang on to see how this thing plays out. After all, if all does go through and I'm left with much fewer shares, I still own the same % of the company as before, only we'd be traded on the Nasdaq rather than BB, worth hanging on for at this point if you ask me. All IMO.
JRD
AI
