hmm, that's funny. My post I wrote on Friday has been removed so it seems.
Friday April 8th I wrote:
Hokie, Scrup...
Guys, I am the biggest fan. For those who don't know me, I was (and still is) a big fan of the product, and the proscpects of Antik.
I was watching "Fran" tonight (an eve show) and what did I come across? Fran Dresser in an pair of Antik Jeans!
I have to say, I elected to sell today at .53 from my entry of an average of .10 because I diligently persued the available data out there on the trac of MJET.
Frankly, I was blind to the RS possibility. But on further discovery, I feel this is a distinct possiblity.
Reference: dickmilde's posts here (only 2) and you will see what is about to happen; (once, and if the merger is finalized) it's there in plain english:
"In the exchange, we will issue shares of our common stock to Antik Members in such amount so that, immediately after giving effect to the acquisition, the Antik Members will own in the aggregate 95.8% of our issued and outstanding shares of common stock on a fully diluted basis....
...our current stockholders are expected to own approximately 3.8% of the issued and outstanding shares of our common stock after completion of the transaction with Antik, on a fully diluted basis...
dickmilde went on to say...
"If current stock holders have 28,122,570 shares and that will represent 3.6% then we can expect enough shares to be issued so that the total number of shares = 740,000,000."
>>>>>>>>>
I agree with dickmilde (after long deliberation) that this is the case. I have read hundreds of 10-K's, but with this one (i.e. Elvis connection, etc.) I ignored the real data.
Rule #1 NEVER FALL IN LOVE WITH A STOCK.
Just fair warning for those of you who have been on this ride up with me.
There is also still easy opportunity for those of you who have just bought. At this moment in time, MJET is a pure speculation play. Play it for the swings that will come.
Monaco
