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Alias Born | 03/29/2011 |
Friday, October 28, 2011 10:15:05 AM
I mean come on man..
The company is acquiring 3 companies by issuing them restricted shares in exchange for those companies IMO. Those shares will be added to the OS.. However.. Those shares are not in the float now, and wont be in the float until they come off of restriction and are sold into the market. Something that wont be happening for a while, and I'm sure they'd be sold at highs rather than lows we have here now IMO.
The fact is.. The company is in the process of making these acquisitions, so once all is said and done and all shares have been exchanged, audits done, and all ducks in a row.. I think the company will go back to a fully reporting OTCQB status, and those #'s will be available in the filings once again. The company has been in this status for all of a little over a month now.. Common sense will tell you.. Yes the OS is going to increase, because of the acquisitions.
Why would the company put out a statement now? Two of the three acquisitions haven't been PR'd yet.. Maybe the company would like to complete the acquisitions first before it makes the numbers public again. I'm willing to wait bro.. We're talking about a stock that is trading way below market value here, and is bringing three companies with solid revenues and future growth into the fold. Something this stock never had going for it when it was a shoe company.. Maybe just maybe the investors here will be rewarded.. Common sense tells me that they will.. That's why I'm still not going anywhere and don't plan on selling until 52 week highs or higher..
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