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Thursday, July 22, 2010 6:54:44 PM
I sent an email to Mike. Looks like I was wrong there.
I suggested the following.
Announce that there would be no reverse stock split (After shares have been bought back at .0001)and when they have good news out there.
With all of the supposedly pending good news out there (Serve Nation), Cheap films that will make lots of money. I suggested at that time make multiple announcements.
At the time of the announcements, and after they have purchased maybe a billion or two worth of toxic shares, they could sell some shares on the rise to recoup their buy back costs.
I also suggested that they no longer have in their PR's the wording forward looking statements. Also suggested was instead of paying a lot for PR's initially, to mail the stock holders information off of a computer. (much less expensive).
I told Mike/Mark that his reputation is on the line here and his business will go down the crapper with a reverse stock split as people will no longer have a high regard for his decision making and his inital proclammation of value for the shareholders.
I gave him my number and asked him to call me before any decisions are made.
I left a couple of things out but that is the jest of it.
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