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nathanial

06/12/19 9:51 PM

#28693 RE: Blacklung #28692

And I have to agree with both of you. I thought that we would have gotten a bigger pop on the cancellation.
Two things should happen real soon that could help are the update on the OTC site and the reduction of the authorized shares.

Have to be careful on the authorization though. If it not reduced by a substantial amount, traders may feel they are leaving the gates open for dilution. Need a minimum reduction to two billion and one billion would be outstanding IMO.

Time will tell. Market cap is less than 6 million and that is rather low IMO which could provide another catalyst.
I think the key right now is how much do they reduce the authorized and how soon that will happen.