"So with the posting of the company's presentation. we now know nothings going to happen at the end of 2014. My guess is this will not bode well for the company stock. I'm guessing that we will see a down day on Monday."
And I'd say you're 100% correct. That 8-K with the fancy powerpoint slides and all- was nothing but a VERY long winded way of saying, "Hey guys, sorry to say but NO NASDAQ listing in 2014 and thus no secondary" despite the royally messed up trading week in which we clearly put it out there that we made the NASDAQ when we really didn't. AND we blanked out retail trades for several days, we messed up quotes all over the place, out corporate web site even said "NASDAQ CM" or whatever, but guess what? NEVER happened so here's a really cool, all color, super duper 8-K in which we're now disclosing the "material event" that we're NOT on the NASDAQ and we're "working with the NASDAQ" and hope to be listed there sometime in Q-1 2015 if it all works out. As to the 10 million share offering, we don't know yet.
That's all that 8-K says to me. All the rest of it is pure fluff. The entire thing could of been stated in a couple lines of written text, but of course a bunch of color slides looks fancy and makes it a lot harder to find the one or two lines that really matter or make any difference or even say anything actually new. The only new statements are we're NOT listed on the NASDAQ, we will NOT be listed on the NASDAQ in 2014 and we're "working with the NASDAQ" as of this filing. And the 10 million shares offering? Who knows, but we obviously didn't price it, let alone place it and thus have no large cash influx from it. Thee end.
That's my take on it. I think it's gonna be a negative hit on the share price in the coming trading days.
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