Thursday, September 08, 2011 11:28:52 AM
I took my loss with what shares I had left. It was fun riding the wave up and down the past few months. I made some money here and was hoping for some major moves with a r/m but I don't think its going to happen.
IMO Glover released most of the 2.9 Billion shares already and now has to r/s to start over again. He's hiding behind the name change. If I see a filing that says otherwise I'll admit I was wrong but with Glover's history in FLRE, why would anyone assume anything else? The 8k says the r/s will not affect the A/S! That means he'll have the 2.9 Billion to release again.
IMO....R/S will happen....pps will tank fast cuz noone is going to buy Glover's stock. PPS will tank to sub penny status quickly, shares will be released (without your knowledge b/c ta is gagged), new stock name will be pumped and it will be time to buy back in just before the run.
This is why I sold today.....no r/m IMO.
RESOLVED, that the reverse stock split will not in any way affect the stated par value or number of authorized shares
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