Thanks for your perspective Toons39. What is the likely reason for their postponement of the Nasdaq listing and why do they have to get onto the Nasdaq ASAP??? Thanks! Millstone
What is your thought then about Mgt. raising PPS in such a way that makes the r/s ratio more favorable ?
A 1-5 at 80 cents is much better for them and all longs versus a 1-10 at 40 cents !! For this to happen - they must have something positive up their sleeve, but WHEN will it be revealed ??
Toons39, Can you please enlighten us with info regarding your last statement. If you had posted it before, I missed it. Your quote: "One thing I will post is why they most likely had to postpone their uplisting the night before and why it is important for them to get to a major exchange ASAP."
COMMONS CONTROL THE VOTE! I agree with Toons39 to a certain degree. But I have to question that if our vote didn't matter, than why wouldn't management have stuck to the orginal proposal for the increase to 600 million share and the reverse split of 1:100. So i have to disagree, I do believe that the commons have the votes needed to control the outcome. I think management was trying to be to slick with the initial proposal and now are trying to muster support with the commons. My main question for management is what will 1 preferred share equal to a common share? I'm not trying to give away control unless it is well articulated.