Decided to check up on the ole SDVI board. Proceed with random speculation:
So the only news (apart from the lack of news:) is that someone may have sunk $50k more into SDVI (assuming those new 500M are gonna get used). What are reasons SDVI/Mart would dilute more shares?
1) The ever popular 'evil scheme to steal shareholder value'. Blargh, unless these shares are being used for stock options or straight up compensation, there's no way someone could sell them all in these markets so that makes no sense. They are worthless at this time and at current volume, so its not just a cash grab. Cold
2) Related to the Graffiti:SDVI merger thingy. Possible, as there seems to be action on both fronts at the moment, but I don't understand how diluting SDVI a bit more would 'help' the GRAFF merger in any way (unless they are looking for some nice round number to use, lol). Warm
3)Control. The share expansion, which presumable all was purchased by one person (I'm guessing Mart or another insider) gave someone the controlling interest or vote control to do something that needs to happen. For example, Mart said before everything was waiting on one signature; I think I floated out the possibility at the time that that wait could be on Ken's signature (if not, was thinking it). For those who are conspiracy/they're-ripping-us-off minded, if you thought Ken was up to shenanigans before, maybe it would make sense for him to block financials from being released with his voting shares or whatever. Maybe this dilution gives Mart control enough to force 'X' to occur, despite 'Y's objections. Just a random guess. The other way to look at it is that a certain amount of control might be needed to take the company private. Dilution to major shareholder could achieve that.Hot?
On another note altogether, the games selling is entirely relevant, as the latest info available has GRAFF owned as a subsidiary of SDVI. Could that info be wrong? Sure. But that's the latest info. Also, if no games are selling, the company is bankrupt, 100%. If games are selling, then, like that Schrodingalingers cat (or whatever the hell his name was), the company could be alive or dead, at least it has a chance. Quantum investing!! :P
Cheers,
Saredi
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