%99 percent of the OTC at this level are cash cows for officers, lenders and insiders. These companies usually have no business, no viable business, or a money losing business operation that is supported by lenders. The lenders are rewarded by obtaining shares at a vastly discounted PPS like MacRab’s S1 is currently being provided. (The timing of the Scott Conant departure and a RS mention are events the company knows will cause a common share selloff). After the shares are obtained by the lender the company begins a PR campaign to create volume and a desired PPS for the lender to sell their shares for a substantial return on the loan.
The Scott Conant contract required 60 days notice before the contract could be vacated. KITL has had over 60 days to line up a share selling company development similar to the Conant Alliance.
KITL has 90 days to pump and dump the 75 million share S1 before a RS becomes necessary. Until then, a RS is very unlikely in the middle of the S1.
The unrestricted share count including a fully diluted S1 (%90 of a 6 day average) is only 150 million shares at a %10 discount.
Claudio loves his big loan dependent salary. His goal is for MacRab to sell S1 shares for a max profit to keep the lenders happy and the loans coming to guarantee his salary.
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