Hi all!
Most of my posts are based on findings from my DD. This post however, is pure speculation. There have been several posts about share buy backs that got me to thinking.....(and that can be a dangerous thing!)
If I was on a board of directors of a non transparent, non-compliant pink sheet company, 4.4B shares OS, who hasn't put out a lot of information in the past, and who, as far as everyone out there thinks right now, have not closed an LTF. I might just quietly close the LTF, and not do anything to get myself compliant or transparent. And then start a non-publicized, slow buyback of the shares. I wouldn't do it quickly as I would not want to cause the price to go up too much. And hopefully, by not publishing any new information, the share price wouldn't increase as we bought back shares.
If that was the case, and I am not suggesting that it is, I could retire 1B shares of stock for only $10M. And if there was another 1B shares backing up loans, I could take the LTF money to buy out those loans and retire those shares as well. I could then get the share structure back to under 2.5B for only $10M.
In my opinion that would be a heck of a deal - If you could actualy pry 1B shares away at around $.01 each. I know I won't be selling any time soon for $.01, but there may be enough people out there who would if they continue to not get any information from the company.
PS: I have no idea if that is legal or not, but it sure sounds plausible to me.
FFF