Replies to post #4712 on Metro One Development, Inc (MTRO)

[The Real Titan]

LMao... no doubt, all we need to see now is a letter to shareholders telling us how this is for our own good, to increase the pps value...lol

[charhorse]

It would appear he is attempting to get the share price up enough so he can qualify for an uplisting.
From the filing
On January 11, 2009, pursuant to stockholder consent, our Board of Directors authorized an amendment to our Amended and Restated Certificate of Incorporation, as amended, to effect a reverse split of the issued and outstanding shares of our common stock, par value $0.0001, on a 1 for 1,000 basis. We filed the Amendment with the Delaware Secretary of State on January 13, 2009 with an effective date of January 26, 2009. Although the amendment was effective on January 26, 2009, the reverse split will not be effected until we receive approval by the NASDAQ OMX Group, Inc. We are currently waiting for NASDAQ to approve the foregoing reverse split so that it is effective in the market.
I haven't been watching Metro at all because I've been more enthralled by the manipulation of Vital Products that has been going on. You may be aware that Metro owns all the assets of Vital. Someone is beating the Vital shares to death.
(No I don't own even 1)
1. Third party shareholder stock based promotion
2. Massive selling into press releases with subsequent increase in outstanding share count and PPS reduction.
3. Equity based debt conversion with promissary notes and 20% interest.
Does any of this sound familiar?
Isn't the Nasdaq a bit of a stretch though?