why would we care about any potential anything
management traded one worthless bunch of stock for another dead companys worthless stock
Now lets say you had 10,000 shares of flight management
and it was essentially a dead company, just legit and relatively clean
But doing no real buisness other than being a buisness entity
so the director there gave his shareholders a 10 for 1 reverse split
simple enough ??? THEN
Raj and Joe negotiate hard as they can, and call a exchange rate of 10,000 for 1 to be OK,
Its ok for them cause they can issue themselves whatever they want
Now back to the FHG shareholder who's 10 k shares became 1 k shares
which then ? correct me if im wrong here the guy who had 10,000 shares FMG reverse splited to 1000 shares FMG
RECIEVES 10 MILLION SHARES OF NAGP WHILE THE SHAREHOLDER OF NVMG
Who had 1 million shares, recieves 100 shares NAGP
so, this seams to work out for Raj and Joe
but to the other 500 shareholders of record, Its a Kick in the Crotch.
FMG brings us aproxamatlty 1000 new shareholders, who all got rewarded better than NVMG shareholders.
but really FMG's float was allmost completely controlled by its director.
and his company could very well be filled with dead shareholders
who may never collect on there share exchange
so in effect only 3 people really benifited from this share exchange.
as we sit back and ponder the ethical and legal ramifications
The share structure swells with each passing day
For the sake of arguement, How many shares did you recieve ???
for your flight management ???
or did they just owe you money and offer some Paper, and tell you how you would be able to reap large selling it into the press releases.
What we commonly call the The Pump and Dump
Is this A Good Stock ???
Good God Man Give Your Head A Shake....