On the other hand, there seems to be a glut of shares being offered to reduce debt and to pay off shareholder and service provider loans and fees. That does not include the 4.8 million shares due to Than, once the merger is consummated.
It may be that PRG is going to buy the 100,000,000 shares as part of the deal to eliminate the debt. 6,000,000 shares for the loan and service fees will be sold into the open market. If the 3,000,000 shares are not enough to pay off the $116,000 loan, more shares will be sold into the open market.
Logic tells me, there could be a reverse split as part of this deal. The O/S, as a result of the share offering will balloon to 338,000,000. Full terms of the deal are known, but have not been made public. It may be that until the 6,000,000 shares have been sold, insiders want to keep the share price as high as possible to facilitate that share sale. News of a reverse split would cause current shareholders to sell positions and depress the current SP.
I'm thinking I'll watch this for a while. Good Luck.
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