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Sunday, April 08, 2012 11:26:06 AM
could simply pick an opportune moment in history, perhaps when the share price gains traction and is climbing and make a large public press release and inform the investor masses that he is retiring several billion shares in support of the shareholders.
This would act like a catalyst to the 'then' share price pushing it even higher."
What da heck does that have to do with a reverse split?
"Now he actually has reduced the shares and has a pending State of Colorado request to amend the authorized shares.
What would really be a "nail in the coffin" for those that have chosen to 'short' this stock legally and illegally is for Mark leonard to amend the A/S so that the now difference between the O/S and the A/S (read float) would be amended basically eliminating the unissued shares back to the treasury or totally retired."
The word "condensed" sounds a bit more fitting.
The previous shares authorized and issued were "condensed" to 1 share for every 150 shares. See, retiring or lowering the As would not give the "higher PPS" as seen now. The whole "short squeeze" scenereo is cut by 150 also so expecting a "BIG SQUEEZE" sounds a bit propagand"ishy" like....(any said shorting had more than enough time to be covered pre R/S)
Authorized: 43,333,334 (1.5B/150) Issued: 36,703,097 Float: 31,221,671
Leaving 6,630,237 shares as a safety cushion.
While I am a fan of low share structures I must say Im concerned with the amount left for future financing/operational costs should sales not produce enough revenue on a continued basis. Time will tell.
Also, "Thanks" to those that replied to my last post.
If these boards were only 1 way then they wouldnt be a message board, they'd be an ADVERTISEMENT...
:)
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