Thank you very much, 7Mary3, for your response to my question. Typically, I'm quite diligent in keeping up with my stock activity. However, today, my focus was mainly on my winning stock JAGX. Throughout the day, I noticed an unusual drop to .004 and observed a 3.5 million drop to .004 on the tape. It seems like one of our loyal long-term investors got tired of waiting and decided to dump everything in one go.
With the uplist to Nasdaq off the table and the planned reverse stock split (R/S) no longer effective, it's fascinating to see how the company will proceed. As you mentioned, all the preferred shareholders who were seeking to exit are now trapped, which makes this situation unique and potentially exciting to watch.
To be honest, I never liked the way they structured this deal, even if we had uplisted to Nasdaq and had a share exchange for three cents per share. Furthermore, I don't like Ray was trying to provide an easy way out for the preferred shareholders, without focusing on the long-term interests of the royal common stakeholders. I'd prefer to see us trade on the OTC and remove the R/S that has kept this stock in the dumps shit for years.
This 8-k that is a nightmare for the Preferred shareholders however it's great news for common stakeholders. No point in selling stock at the bottom of the chart. I will remain strong waiting for Ray to deal the next card.
Warm regards.
PB.
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