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HaasCat

10/02/16 8:11 PM

#1978 RE: Bobwins #1976

Pretty sure it's safe to say a plan is in place...

If they wanted to not report for the sake of not reporting they'd simply do it but taking these measures implies something might be going on

-as per the filing....

"The primary purpose of the going private transaction is to reduce the number of record holders of the Company’s common stock, par value $0.001 per share (the “ Common Stock ”) to fewer than 300, thereby allowing the Company to deregister its Common Stock under Section 12 (gift) of the Exchange Act and suspend its reporting obligation"


So hypothetically if they're able to reduce the total number of shareholders to under 300 in 1 fell swoop; it seems like a slick way to go private...they're making a nice guesture to the crumb holders and a 1-10 isn't bad so no ones getting screwed by any means.

They're paying off notes, they've got funding in places that assures that they won't need convertible debt and they've already inked deals that are huge (Cognizant's subsidiary)....they've not made any effort to bring attention to that stuff so them going private is consistent with the bread crumb trail I've been following...

But I'm just speculating trying to weigh both sides...lets see how the market reacts in the coming week(s)