You have to give management credit for creating liquidity out of thin air here.
1. Allow pps to rise on news of Gander Mountain
2. Reverse and push down pps by dropping a 100:1 RS bomb with other proxy amendments that amount to shareholders giving away some power. State in the proxy that there are NO PLANS to uplist.
3. Keep pushing pps down by having a CC where management only hints at uplisting without committing themselves.
4. Allow a significant amount of time to pass with no positive PRs.
5. To rekindle hope, have an insider buy 45 thousand worth of now discounted shares.
6. Stomp on the PPS into the mud by postponing the proxy vote at the last minute.
7. Wait a day, and then dazzle shareholders by engaging a auditor, and stating plans to uplist.
8. ?????????
Not only have they created liquidity, I believe they have created a day trader's dream. Simple rule: what is good for day traders is not good for longs. That is why I am out. Besides, I was getting noxious on this roller coaster. Fun to watch though. I am not sure what it would take for me to buy back in.
*I won't buy back in should the stock take off, but I don't think that is a problem right now.
*I don't think I would buy back in if the RS fails, because then *I couldn't be certain that the uplisting plans where "the Reverse split is a first step" would continue.
*I am also not crazy about getting in after an RS either.
*I have since invested in other stocks and may never get back in.
If only I was a day trader.
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