No one is assuming 1/9B A/S, that will happen when/if company carries out its "plan" to halve the current A/S of 3.9B, and we don't know the current O/S b/c the TA is gagged.
These are latest figures:
PSID Security Details
Share Structure
Market Value1 $639,863 a/o Dec 09, 2016
Authorized Shares 3,895,000,000 a/o Nov 30, 2016
Outstanding Shares 1,279,726,407 a/o Nov 30, 2016
-Restricted Not Available
-Unrestricted Not Available
Held at DTC Not Available
Float 44 a/o Sep 23, 2016
Par Value No Par Value
Transfer Agent(s) Verified by Transfer Agent
VStock Transfer LLC
What people ARE seeing is that with upto 350M/ day changing hands for about 10 days (?) now the O/S has turned over many times, even if the A/S is all used it's gotta be just about over, the O/S would've been used in 4 days IF it still holds, and they don't have to file figures until end of 4th Q. which will be out sometime next spring and they'll still be considered current -- by then, too late.
This is a gamble, stinks for those suckered in earlier, but IS IT time to get out NOW?
No one knows and crying "the ship is sinking" IS bad as assurances otherwise, no one knows -- the action Friday suggests we saw bottom, but it could be fake-out for another dump on Monday -- probably not even CEO Caragol who sounds like he's losing his mind and getting into ego altercations over his "reputation" which has been questioned for decades, you saw some links. Living high while ruining thousands of small "investors" in the name of developing product which was scrapped for stupidity after millions wasted... but did all that tech get it right finally? Surely no one but he and his cartel have benefited from the waste all these years, clearly compensation and perks were not tied into success and rev's. BUT theya re showing more green less red...
As for the product, maybe they have it right after all the mistakes,
again we don't know yet and even if it's perfect right now the only PR that makes a difference is update on current O/S and float --
but everyone from the company PR/ development flak A. Tomek to TA, to Pres. Lyle Probst and his staff of 5 doing god knows what in Pleasanton, CA on waterfront digs from the looks of google maps --
are AWOL.
Some -- at least a few -- of us have been asking them pointed questions, only one Board member we know of has gotten a reply and it's not encouraging -- but we KNOW CEO William J Caragol is VERY defensive now about his "reputation" so maybe letting him know WE KNOW what is really going on, will get through...a tiny bit...and he'll try to reign in the "dumpers," which JUST MIGHT include himself via Blue Moon, etc.
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