Thursday, March 31, 2011 1:33:27 PM
"..If the R/S fails, and If I were management I would annouce an audit, buyback of shares (10 million), wait 6 months, then try another reverse split with price support."
Wow! You're a genius...but wait this is what I proposed they do about a week ago.....along with having Don get off his ass an buy a few shares (ie. insider buying)...and stated they should have done before even announcing an r/s to reduce the OS and get closer to the price listing requirements.
An r/s now means a higher ratio, and very low illiquid OS
A r/s post the moves we concur on would likely raise the PPS prior to any r/s necessitating a much smaller r/s ratio and a more tradeable OS
Management put the cart in front of the horse which screws current shareholders
IMO the horse needed to be put in front of the cart to maintain and build current shareholder value.
Voting down the R/S allows for the horse and cart to be properly realigned
Wow! You're a genius...but wait this is what I proposed they do about a week ago.....along with having Don get off his ass an buy a few shares (ie. insider buying)...and stated they should have done before even announcing an r/s to reduce the OS and get closer to the price listing requirements.
An r/s now means a higher ratio, and very low illiquid OS
A r/s post the moves we concur on would likely raise the PPS prior to any r/s necessitating a much smaller r/s ratio and a more tradeable OS
Management put the cart in front of the horse which screws current shareholders
IMO the horse needed to be put in front of the cart to maintain and build current shareholder value.
Voting down the R/S allows for the horse and cart to be properly realigned
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