Every time the ticker changes my shares simply get transferred over to the new ticker and show up in my brokerage account. Going back to the CTKH days (7 years or more) I had many millions of shares.
The bottom line is it is the R/S that wipes out the SH. They then watch the PPS drift back down as well as their equity. It's almost always the R/S that makes the paper worthless over time.
So watch the O/S on this. When the O/S gets high then it's ripe for an R/S. The O/S on NTGL is not yet showing up on yahoo finance and even with that there is a delay there. Best bet is to call the TA (transfer agent). I've just been too lazy to do that. Maybe someone on this board knows the O/S. My general rule is once the O/S gets up over 500M then we are at risk of an R/S. Once it's up over 1B then the red flags go off.
I've been called a basher on other boards because I tend to warn folks that a high O/S usually results in an devastating R/S with penny or subpenny stocks. But I'm sorry to say that I was right every time.
So if the plan is to dress up a ticker with a nice name and web site and to then only have senior mgmt Pump and Dump then it is wise to be on the lookout and sell into the pump and dump right along with the insiders. I'd rather see this company go down the legit path though and start making revenues and profits. The odds just work against us on that though. So look for a face lift on the web site and then be on the look out for lots of PRs pumping the price up. If you think it is a pump/dump scheme then take profits on the pump. A pump/dump scheme usually has no associated product sales or profits. All hype.
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