Doubtful.
Assume a pps of around 0.01 at the time, J4P has posted some exact numbers, I think closing pps day of PWC cash payment announcement was 0.011 but this is a rough estimate right now.
$700,000 / 0.01 = 70,000,000 shares.
We didn't see that kind of volume trading leading up to the announcement. Having been active here in PAST years where dilution was used to generate payments I can tell you that many shares hits the stock hard, it would have been rather obvious. In addition recent changes to the float were the result of previously restricted shares becoming unrestricted for the most part. Since the last payment to PWC was in cash, and not shares, the movement of shares into the float doesn't represent cash unless it is sold. Hard to move 70 million thru here with interest being what it has last few months. Would require over a week of selling given the avg volumes seen. Previous dilution through PIPES was practically dumped on the market, in no way subtle.
Niko does raise good points that the numbers in the OS have changed more than the once implied by the company announcement of shares becoming unrestricted. While it bears investigating I do not think it is unusual. Go do some research and you will quickly find that restricted shares were used to purchase various equipment in the past. As I recall at least one company vehicle was purchased using restricted shares. At the time the company had little income and was funding throghu dilution the use of shares for purchases was much more common than now. Thus there were, and likely still are, blocks of restricted shares with varying restriction times which will come due and move into the float. As I have said before there is a KNOWN amount of restricted shares which represented the first disbursement to AHSG which will come off restriction sometime this summer, I believe June. If one is worried about this sort of thing then go research what has been announced and do some math and timelines to get an understanding. However just blindly throwing out hypothesis with nefarious undertones without doing a bit of research is irresponsible and sophomoric IMO. Part of what Niko was saying was to do the research before just wildly speculating.
And finally, shares becoming unrestricted does not imply ANYTHING about when they might be sold. The holder of the shares could be an employee, or a creditor, or a business associate. Their decision to hold or sell will be up to them. Certainly it adds risk that a new block of shares might be sold quickly if the holder wanted the cash immediately, but its not guaranteed. It's just as likely that some long term investor will divest their non restricted shares for personal reasons.
The only thing that is CERTAIN is that the company has completely abdicated any sense of keeping shareholders up to date on critical issues, too many to relist. Now hiding behind forward-looking statement clauses despite also claiming not to make such statements.
They can feel free to prove me wrong any time by simply updating everyone publicly on the vast issues left unresolved in their own past PRs.
Everything expressed here is in my opinion, always do your own research.
This is what I design for a living. Support our Troops and First Responders!
