Good Point. Unlike some companies where the board members own 500 million free trading shares then dump them as fast as they can regardless of price; these current investors only own about 4.4 mil of restricted shares each. They're not in this to sell their shares for 3 or 4 cents. They're looking to get out at a much higher price with good volume, and because they own restricted shares, they want this to happen over time so it reaches it's peak when they're ready to sell.
When they announce the acquisition, new website, etc. this stock is going to go up in price. After the announcement and the price moves up, new investors will be entering this stock at .03, .05, (or whatever the price is at that time) and they will announce "I got in on the ground floor of a new company!" THAT will be the beginning. Hopefully from there we get some good PRs that will continue to send this stock higher.
Something else to consider: almost all stocks have their day in the sun; they always have run or two (or more) during their existence and as it's been stated before, this one hasn't started yet.
I don't know if I've seen a stock with such obvious upside like this one before. The only caveat I see is that they'll probably award the new board members with stock, so the authorized (unless its preferred stock) and the outstanding will increase. Also if the acquisition is purchased with stock it could be a considerable amount. But, even if that's the case, it may hurt the stock long term, but it won't affect the short term trading because all the awarded stock and stock used to purchase the new acquisition will be restricted, so I still see nothing but upside from the current price, at least near term.
BTW, doesn't that last 10Q Friday afternoon bring the filings up to date? If so, perhaps we'll start seeing some news soon?
AI
