I’ve been reading through the previous 8ks trying to make sense of it all.
I don’t believe it is a coincidence that we have not heard about Atlas 30M sales advance. I think they are planning an issuance of treasury stock. This would back the 30M sales advance and would give them a stack of cash to sit on once the pps recovers to book value or higher.
I wouldn’t be shocked to see the AS rise to 5B, because I think they may issue 500M or more shares of treasury stock that were never issued to the open market at a par value of .001, These shares would probably be taken on the books in excess of par near current book value. (Purely Speculation) Remember this does not include their biggest asset, "Yellow".
This would do three things:
1. Company would be acquiring shares for next to nothing, and would expedite the up-list to OTCQX by increasing equity.
2. Prevent any takeover attempt.
3. Would not increase OS but would allow the company to stack up loads of cheapie shares and would be sitting on a cash bank in the near future.
All just speculation, but something like this must be in play. Something to think about…
Any thoughts or speculation of your own?
