Company selling shares- You have answered my question, i.e. there is no indciation the Company is selling shares itself to the market, nor absent a registration does it seem likely, especially since they have a DCTC chill.
Someone else selling shares to benefit Company- I would have no way of knowing especially as a new person to this board whether Company or CFO have done deals to benefit the company indirectly or directly, though prhaps financials may show this.
Convertible Note Holders Selling - Well we can agree to disagree . Convertible note holders have a built in discount and generally their bigger concern is volume to absorb their sales, small difference like you menton in the I doubt most convertible note hodlers woudl really quibble about.Your point about the price dropping ( absent a strong and credible IR effort) is spot on until they replace the convertible financing- and with a DTC chill and financial challenges they have plus no reserve study it is hard for me to imagine they have a chance at traditional financing - I dont see much choice but for them to finance through convertible financing.
- A curious issue arises with this DTC chill and these convertible notes. If they can convert to free trading shares wont let such shares be settled but DTC wont let such shares settle electronically, how broker settle accounts ? Is there an imbalance between what the brokers show in their accounts vs DTC balances vs transfer agent balances ?
- As far as timing of bid-ask prices, and large share positions effecting the bid price in the manner you bring up, not surprising at all. I would ask though what were next three bids above the $.014 ? But if bid .014, they accepted .0136, was the .016 bidder same MM ?
- And of course I remain curious how you can short a stock like this, no one has ever answered which brokerage firm I can go to and short this stock.
I do appreciate you taking your time to answer my questons,and also whether people agree with you or not, you certainly generate discussion !
AI
