Can't blame you, typically one can buy back after the R/S but it is usually hard to buy the same large $ lots without paying more as the sellers usually get out before the R/S.
But keep in mind the price drop due to the R/S is usually before the R/S, a drop that we have already seen. There was no real volume under .0030 this year, last year the Feb low was .0025 and the stock rallied to .030, a 1200% jump no one expected but me, with an OTC stop sign due to a late 10-K, and the stock has frequently rallied to .02x in spite of dire predictions the stock would never get back .0050 when it was at .004 area....
I doubt Ponder announced this R/S now just to print shares. He could have printed shares down to .0001 if needed.
I suspect he needed the R/S to make room for buying one or both of the next 2 companies. No one will lend them money, convertible debt money if there is no room in the AS
The real question is what will the next 10-Q and the next 2-3 after show us on revenue growth and profits/profit growth.
Ask yourself this, if the company was just at the edge of break even, a new company, with 30 Mil in revenue, in the current business, about to start reporting a real hard net profit, with a 750 Mil share AS, and 300 Mil OS and market cap at $900,000 would you buy shares for the first time? Then add the icing on the cake on they buy 2 more firms and up list too.
2 Mvtg longs I know told me they just 2.1 Mil shares the last few days at up to .0039, others may have as well. Canadians still can not yet buy and they are chomping at the bit to do so (or sell paper shares, so the float is lower than we think).
Getting back on OTC-QB or up to Nasdaq would make the stock trade-able again world wide.
News 
Market Data 
Discover 
AI
