I believe I understand what Megas is doing now. This is just my opinion, but I believe Megas has done the BEST thing for the shareholders by increasing the amount of shares to 515,000,000 instead of to the 893,000,000 that some brokerage firms are showing. The 515,000,000 probably accounts for all of the shares, legal or illegal, held by retail investors like ourselves. The difference, 378,000,000, may be the illegal shares floating in the marketplace. By increasing the legal O/S to this amount, he is able to give us all 1 to 1 exchange, legal for illegal shares, so all of us will by holding legal shares. The difference between 893,000,000 and 515,000,000 (378,000,000) will remain fraudulent and perhaps the SEC will force a buy-in for those shares, ergo, creating a short squeeze for that amount. I'm thinking there will still be a short squeeze, accompanied by financial filings and an R/M, which could still make this stock an excellent play for the current shareholders.
JMHO, but I think we're holding a good hand of cards right now and I'm not going to sell hastily until all of Megas's plans have unfolded.
Good luck!
Mike
Pennystocks, we're in the looney bin for sure.
