First Bag JF never annouced a R/S which in itself is strange. Not only that, but there is no filing still to support it.
Allow me to repost:
Posted by: gattes12
In reply to: None Date:4/11/2007 4:55:30 PM
Post #of 256284
typically in the otc world (especially the subpennies) the r/s when annouced comes as a complete surprise to shareholders and is often attached to a fluff PR with the disclaimer at the bottom. People get burned by this time and time again. However, I'm not predicting one here. Just stating a cocern
and worse yet
Posted by: gattes12
In reply to: william2112 who wrote msg# 241990 Date:4/7/2007 11:15:15 AM
Post #of 256285
Something to add:
Dilution is what has kept this company out of debt with the amount of shares sold to the open market. Typically OTC stock will use up that ability and R/S thus starting the process all over again. Usually this R/S is accompanied by news of a 'new direction' or to 'make the stock price more attractive'. Such is the case all around the otc world is one of the main reasons why most can never convert to an official exchange. That and questionable accounting practices. This company knew full well what they were doing when the started to dilute and have comitted in the 10K to do it some more.
This is exactly what happened. That was too early too. It's not about posting to 'control' the stock or as Tina Marie so beautifully put it "trying to protect one's investment". It's about experience.
Now let's see which one comes about first. A program which generates good revenue (Not Foward-Looking) or a filing issuing shares. My guess is that they will arrive at about the same time at best.
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