bladetrader, "...wise conclusion to drop that consolid. plan..."
I don't think they can do that. The stock PPS is already at rock bottom. So they could continue to sell the remaining 8+ billion shares against the 20B A/S limit, and they already know about what they will receive for them. But who will step up and buy them? The CEO has already pushed this right to the point of killing the stock outright.
Instead, he's going to try to get the PPS back up in order to get more money for the shares. The only important issue remaining is whether they will also reduce the A/S limit. That would help re-establish credibility. And that is probably why it won't happen. Davenport really doesn't give a crap about what his shareholders think.
The "balance" here is the unrestrained greed and cockiness on the seller side, versus the wishful thinking of the buyers. This fuel cell that has been touted is nothing more than "bait on a hook".
It doesn't take much to see what this company is really about. Clearly, it is a paper mill and nothing else. I heard that pork meat and bacon are rapidly going up in price, whereas THIS Dilution Pig is going straight down.
By the way, I sold out my position for peanuts on a day that I saw 40+ one million share blocks trade thru on Level 2 at the Bid, one after the other. Right then and there the entire situation was revealed to me.
So what will it take for YOU to see the truth?
Good Luck!
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