Manipulation ? Yeah, sure - what else and I must say the most
stupid I've ever seen.
Why ?
We know that on 06/30/2008 the share structure is :
A/S .... 300,000,000
O/S .... 73,034,283 ( 73 M by shell owner )
Float .... 34,283
The ratio A/S : O/S is almost ideal 4 : 1 , as there is still
plenty of room for new owner to issue new shares( 227 M )in order
to seek fresh capital on market etc....
My assumption is that all the shares owned by Amato will be sold
"en bloc". I see no point why he might sold just a half and rest
sell on free market.In this case the price of new entity will drop
dramatically.So most probable he will hold some 5-10% and the rest
will go to post RM entity.
As this nano-ultra float means simply nothing for future liquidity
of new entity, most probable the first R/M news will put PPS into stratosphere as 36K is less then nothing.One can just guess
what PPS might be.Have no idea - 5/10/50/100 $ ?
Then after RM everything depends on what and how much funds the new company is seeking for.I mean there are significant
diferrences between running company with history of growing
revenues or startup high tech and so on ...
As I simply don't believe in future F/S ( with 73M O/S ) I
assume that new entity will imideatly put some 5-10 M shares
on table,
in opposite it might be realy insane situation.
Lets say the new company with 30M$ assests and 15M$ revenues
seeking for listing on AMEX with 36K shares on floor ?
Hey this is hard to imagine.
However just one possible scenario.The future will tell.
As for me long term shell player the most interesning one,as
really haven't seen anything like this one.
On first 8-K - either R/M anouncment or R/M completed there will
be very exciting party time.
Forget that childish MM games, they are meaningless and
worthless - NADA.
IMO.
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