Monday, January 09, 2006 10:24:36 AM
The company was shorting their own shares and used a R/S to cover? I've heard some great conspiracy theories over the years, that one ranks right up there. I might buy into it if they had no products, no revenues and no real chance of having either of these things in the near future; but that's not the case.
How's about they did the R/S because they sold 99% of their A/S which eliminated the option of selling shares?!?!? There's a reason companies go public: sell shares to raise money. That option was gone when they unloaded the remainder of their A/S in July to Hope Capital and Xcel Associates. Since you say you expect furhter dilution, it makes more sense they did the R/S in order to do just that, sell more shares.
Cannabix Technologies and Omega Laboratories Inc. Provide Positive Developments on Marijuana Breathalyzer Testing • BLO • Jul 11, 2024 8:21 AM
ECGI Holdings Enhances Board with Artificial Intelligence (AI) Expert Ahead of Allon Apparel Launch • ECGI • Jul 10, 2024 8:30 AM
Avant Technologies to Meet Unmet Needs in AI Industry While Addressing Sustainability Concerns • AVAI • Jul 10, 2024 8:00 AM
Panther Minerals Inc. Launches Investor Connect AI Chatbot for Enhanced Investor Engagement and Lead Generation • PURR • Jul 9, 2024 9:00 AM
Glidelogic Corp. Becomes TikTok Shop Partner, Opening a New Chapter in E-commerce Services • GDLG • Jul 5, 2024 7:09 AM
Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • FHLD • Jul 3, 2024 9:00 AM