ProTek Capital Inc (PRPM)

[gmoneypenny]

Nope, based on the information I verified today, this thing is as diluted as it can get. That's good news and bad news.

It's proof there has been a tremendous amount of dilution so far this year. The bad news is that this kind of float allows for extreme manipulation, even from a few retailers with deep pockets. The good news is there is no more room to dilute.

So the company's only options at this point for cleaning up the share structure are:
1) Reverse split, which the company recently called off
2) Retirement and/or buyback of shares. Buyback doesn't seem to be an option right now since the company has no cash to buy shares. Retirement is a legitimate option. However, they need a SUBSTANTIAL retirement of shares for it to make a difference.
3) Do nothing and just let this thing trade day-to-day with a float of almost 6 billion.
4) Or if all else fails, the company can increase the A/S again. This is not really a "cleanup" strategy...it's just making more room for more dilution.

In my opinion, share structure is the only thing worth talking about here for now. Everything else is just smoke and mirrors. As everyone can see, all this recent news and facebook drama can't budge the price. There are simply too many shares trading hands.