A share reduction would be nice but keep in mind, they cost money and we don't know what the new team can afford??? They must roll a new business into the shell and make it work. My guess is there will NOT be a share reduction.
I called T/A and got a share count. The o/s is 6.8 billion. That being said, Joey took the liberty of converting those who were part of the R/S into restricted shares, so I think there are BILLIONS of those and probably a lot less than 500mm in the float. I could not get a hard number for the float but it appears as though MAEI traded close to its float count on Fri.
Make NO mistake about it, Fridays news was HUGE as it signifies and end to deception, greed, and perennial offenders to the R/S.
110mm shares traded was the highest volume day that I could find on record over the last 2 years. In case you are new to trading, volume alerts usually represent things to come. IMHO, MAEI will test and break the .002 level that was created last month!!!
I picked up a small 5mm shares at .0005 and threw a few of my group members into this play at .0003 and .0004. We are collectively holding 10mm shares. Our other current plays are OWVI (34mm shares started purchasing at .0011, average at .0022) and IDCN (57mm shares average price of .0008, bought as low as .0002 and as high as .0024)
GLTA!!!
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