Here’s what I think. When the filing hits it’s not the numbers in the filing that we need to look for, it’s the subsequent events section that we need to focus on.
I was watching the conference call which someone posted a recording of on twitter, unfortunately it was very very late where I live and I fell asleep while watching it.
However, the part I remember him saying several times was that he can’t talk about the buyback until the filing hits this week. He said that several times and stopped himself going further several times!
To me personally that’s a clear indication and is as much as he dares to say, that there’s something in that filing coming out this week that we need to look for in THIS filing that will inform us in some way as to what’s going on right now.
To me personally this WAS the strongest hint he was able to give that this company in my view IS already way much bigger than was previously thought by the market.
Please note it’s perfectly ok for him to talk about what the company is doing now in a filing covering a previous period. That’s why the section is there and has been used by all manner of companies in their reporting.
I also noted with strong encouragement that Henry had SPOKEN directly with the someone in the SEC this week. I’m sure that he’s been a lot more candid about what he’s doing with the filings with them than us!
What this STRONGLY means to me is that there’s very little chance (if any) of the company’s shares getting suspended. In my experience the SEC suspends companies that are three years or more behind with their filings where they have written to the company at the recorded address several times and received absolutely no response.
Once you engage with the SEC and explain what you are doing they will work with you while you bring everything up to date.
My thoughts but that’s my take on what I heard.
Let’s also remember that anyone can see the “tape” as us oldies call it! Everyone can see that repeatedly huge buys have been going through both during market hours as well as some posted after market close.
Those consistent huge buys couldn’t be from whales only. They’re from some organisation with extremely deep pockets.
As is often said at times like this when we see buys that size - This isn’t IHub money, it’s something way bigger!
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