"By corporate resolution and with subsequent authorization from FINRA, the company intends to make the following corporate actions: name change, new CUSIP number, new trading symbol and a reverse of 1000:1 on the outstanding shares." (c/o Donna Giroux, 1/6/14)
Now a 1000:1 reverse on the outstanding shares of course does not result in 402,998,875 (as is current), but rather 2,998,875. That's the number that we all anticipated - it's what got us very excited about our investment. And I'm here tonight to state my opinion that we're still right on track...
It looks on paper like they issued 400,000,000 additional shares. But note that the float (non-restricted shares) is currently only 102,897,563. And, remember that...
"Mr. Newbauer is the owner of 100,000,000 common shares and 9,500,000 shares of Class A Preffered stock of the company."
So, that tells me that our true float (minus Mark Newbauer's 100,000,000 shares) is currently only 2,897,563.
But what if Mark dumps his 100,000,000 common shares as payment for the merger?? I don't believe he has sold a single share, and I don't think he can or will unless Novacab defaults. I believe he is holding the 100,000,000 shares as a form of collateral until his preferred share acquisition is paid in full...
"The control block of preferred shares held by Mark Newbauer have been purchased and are held in escrow pending full and final payment. Approximately 30% of the purchase price has been acquitted. Upon completion of the payment, these shares shall be cancelled."
My opinon...after Mark receives his full payment, we will see the 300,000,000 disappear as they will be cancelled, and the 100,000,000 common shares being held as loan collateral will be retired. And NVOB will trade with 2,897,563 outstanding shares.
As for market cap...figure super conservatively, $1.5MM - that'd be about $0.52 per share. My guess is we head far further north than that - perhaps as much as a $5-10MM market cap in the near term resulting in a share price between $1.75 - $3.50. And that's chump change compared to this company's growth potential...
NONE OF THIS IS FACT, ONLY MY THEORIES. WE'LL ALL JUST HAVE TO WAIT AND SEE WHAT HAPPENS.
But I do trust Donna Giroux and our CEO Mr. Bilodeau, and I think that they will make good on their stated initiatives.
GO NVOB
