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Re: Cobra Kai post# 25267

Wednesday, 01/04/2012 11:46:40 AM

Wednesday, January 04, 2012 11:46:40 AM

Post# of 28290
i don't think they're going to do a buy back. i believe they will reverse split back to the original share structure once they've gained capital from the FSE listing and report some revenue.

a 3-1 split would put them back to 500M and we would still have a pps at .0006, which is still a great price to buy at

a 5-1 would be even better for them, putting the shares down to 300M and a .001 pps

it makes no sense to me that pgi would waste money on a buy back of shares.