I wasn't concerned back then. I am now. It's getting late in the game for the CEO to make his move. The closer we get to July 18...the fewer his options are to achieve compliance ..soon there will no good options here for him.
1) File for Extension - will potentially further tank the price and certainly won't lead to anymore volume IMO..also it's not guaranteed that it will be granted either. 2) R/S - will lose most of the CEO's (and longs) investment that haven't already lost..unless he declares a hefty dividend to go with that R/S.... 3) Delisting - IMO this never happens and is the worst of all scenarios here...but Chan has too much riding on his investment to let this get to sub 10 cents in the OTC...unthikable for him I'm sure
Thinking #2 above is the most likely direction now.and hopefully the dividend holds up the price post R/S....but we will see.
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