Here is a post of mine back in Sept to remind all the longs of a theory how it should of been done
I would like the longs to still tell me im incorrect on this theory and how this would not of worked and put us in a different position where we would be right now...
CBAI Waiting Share Friday, September 24, 2010 12:36:19 AM
Re: holter post# 38746 Post # of 53047
Very Unlikely this will POP in November. This has not even stablized for the whole year and it is at its lows, where it was before the freezer was open. This is not even showing the usual pattern from Last Sept. where it would spike from past times. This tells me this will not settle until it gets to .001...
Matt, Has done everything he was able to do as he felt should be done. Very Lax IMO. Believe it or Not a R/S was the only way this will head up (this might still be the answer to save it. The lower this goes the closer the R/S will be reguardless if this is good for the investor to make any money ***(but will do good for the company in the long run)***.
I am in a stock now that is rebuilding after a R/S of 1 to 5000. back in June, (this was trading in the high cents to 1.00 before the reverse split, but because of the High OS and debt. (The R/S was done to avoid dilution and to pay off debt, get rid of the debt, and the stock has jumped to 66% since Monday and is holding its Highs now jumping from .0001 to .0005 and has been holding for this week getting ready for a run. This company has been in business for 20 years and is pulling in a Profit. (ICO_)
Maybe Matt should of done a R/S first instead of diluting, this might have lifted off the ground instead of leaking down to nothing and such a huge OS.
I think Matt should of been concern of the OS before the Debt, even if had to do with a R/S getting rid of the debt(should of been first option, This wasnt at any level where it hurt the investor if he performed an R/S, then let it rebuild with openning of the Facility, might of had a positive result.
This stock is in UPside down Mode, and will have a hard time to pull out of this. No one will want to do a stock buyout at this level, too much of a risk and not enough exposure to take notice.
Maybe Matt for right now needs to pull his ability to be able to be a Reporting Company, until the Share structure can be addressed.
AI
