To those mailing about the "what's up with pps" questions, here is a post of mine from a week or so ago on icell that imo applies..
"This may be as good a time as any for my views on the pps issue. The next 2 weeks will mark the 2nd anniversary of our last Authorized share increase. In less than 2 years we have added 1 Billion shares into the float with the majority of them discounted and many with major discounts. Think about that. Example, we added about 9 times more shares than our competitor Gern has outstanding? No Company I am aware of can dilute in those numbers and not have the same affect as ACT's pps. I view the duilution as 90% of pps problem the last 5 years and the very reason sustaining increases was next to impossible given the holders of debt shares would pounce everytime a pps pop leveled off.
So when we have 3-5MM share volume days I really don't understand what folks think is suppose to happen? I envision the OS#/float to be a problem for some time. I know many think with Oct. progress reports we can substantiate a pps high enough to make an exchange move, I am not in that camp and I hope if we can't make the initial listing pps requirement that ACT restructures ACT in such a way we can move because I feel the OTC and mega shares will continue to alienate the very institutions we need to get behind this stock.
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