News Focus
News Focus
Followers 9
Posts 1466
Boards Moderated 0
Alias Born 04/11/2006

Re: Steelman2 post# 9806

Thursday, 12/09/2010 2:35:46 AM

Thursday, December 09, 2010 2:35:46 AM

Post# of 10444
Thanks. And I will let people know if I hear anything.

My suspicion is that the preferred-share offer was just a strategy to keep investors from selling once trading resumed. Thus allowing insiders to get even more for their shares.

The company has offered some sort of deal after every previous RS. Though, I could not find a single poster who wrote that the company actually followed through on the deal (and I read through a lot of old posts). Just lots of people asking if anyone else had heard anything yet.

Looks like the same may happen again.

Hope I am wrong.



Discover What Traders Are Watching

Explore small cap ideas before they hit the headlines.

Join Today