Not so quick. This is the corrected FINAL 1-A/A. NO COMPANY DOUBLES THEIR O/S AND EXPECTS THEIR PPS TO RISE!
What is behind the curtain is NOT revenue streams but rather a controlling move to the company itself.
Nothing being provided by the CEO indicates anything about "needing" the $5M. Sure, start-ups need cash for dozens of reasons, but NOTHING has been talked about regarding WHERE the money will be best utilized to expand revenue streams or even attain an acquisition.
How long ago was the 1-A/A issued. Gobbly-gook right from the start. Management purposedly created the confusion yet making sure the form was submitted in a timely manner (muddled so that ONLY the managers knew the exact number of shares to be offered and at what price) to ensure it would 'finally' be approved in corrected format WHEN THEY INTENDED TO HAVE THE OFFER IMPLEMENTED. Evidently that time is now.
Doubling the O/S would drop the shares to .002 thru "dilution" UNLESS this was all smoke and mirrors to actually work out an OWNERSHIP maneuver without letting the public or the share trading market know.
It was presumed by all of us that the 'offer' was to be made for $5M and MOST CERTAINLY WAS FOR 250M SHARES AT $.02 (AT LEAST).
What if it is not for the money at all but an ownership ploy? Could the 2.5B shares already been spoken for (only management can 'sell' the shares).
I mention the above ONLY as a plausible scenario because, really, this whole offer thing remains undefined and most certainly implausible given the current O/S and the continued strong expectation level VXIT enjoys to date.
Issuing 2.5B shares, doubling the O/S, at .002 simply flies in the face of all logic and rationale I used to invest here. Something has got to be remiss.
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