MDIN.
this is one of the stickies up-top, imo this needs to be posted again, and again. all should read this letter...........
Just thought some of you might want to read this .
On Feb 21, 2013, at 10:46 AM, Raymond Barton <ray@pjvc.com> wrote:
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Rick.
Let me tell you what we have in the toolbox currently. As you may know from the filing recently, about 70 million shares got away from us and it was unavoidable. That is where VNDM is getting it's power. It seems they are using this power to short against their own shares and instead of just dumping it, they can stretch it out as long as possible. They will run out though and soon.
BUT to fight back we are doing the following:
1-Chopping the outstanding down by 100 to 200 million shares (I can't say how in detail just yet but they will be gone, cancelled, out.)
2-Reducing the authorized by 10X from 12 bil to less than 1 bil - this will tighten it all up and remove the doubt of the potential downside
3-Set money aside to buy back in the open market about 100 million shares, maybe 150 million. half of those will be forfeited and cancelled, half stay in treasury as a safety net.
4-Announce revenue numbers, before the quarterly is due, and you may know already because Nick accidentally leaked that we've done almost $5 mil in revs just this quarter.
5-Announce the launch of the new pet product, major retail support, and like 7-10 million in additional projected revenues. So far all of Nick's predictions have come true...
Being realistic, I think our 2013 annual filing will show 30-40 million in gross revenue with about 30% net which is seriously like a $2.50 stock. I mean come on…if not I don't know what else to do because the world is upside down.
Is it going to drop to .001 before that? Maybe…though doubtful. Will it happen in a day? no..A week? no…A month? Maybe…A year? possibly. But it WILL happen and (technically) already did happen because even with our current revenues (if they were announced officially) we should be in the 25 cent range at least.
So be ready for the press releases which could start as soon as next thursday or that following Monday. They will be an unstoppable barrage of PR over the course of a quarter that should wipe the ground with ETRF, NITE, and [the very hated] VNDM.
AI
