In regards to you disagreeing with me, without the demand to lift the chill, that PR was merely minutes from a SH meeting. Hardly anything to jump for joy over - and IMO, the market (the market that could) reaction over the last two days speaks for itself.
Two parts of the rest of the PR worry me:
"Ratification and approval of the increase in the number of the authorized common shares, as well as the increase in the number of shares that are designated as preferred shares."
READ: Great, dilution is coming.
"IPWG, in an effort to conserve capital resources and relieve it of the costs and burdens of reporting, last May chose to file for relief from these mandates for the time being. IPWG is now working to complete its audits and financial statements to become a fully reporting entity for the benefit of all its shareholders and the public market."
READ: We don't have any positive cash flow.
Combined, it reads, "We don't have any positive cash flow. Great, dilution is coming."
On that news, IMO, if the full market were trading this, the PPS would be lower. This chill might be a good thing right now.
I sure do hope you are right about this money, cause a brother can only take so much.
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