Could this be the reason why we still are at .0001?
Since I cannot nor anyone else cannot find a valid reason why we are still at .0001 then I can only conclude this.
The PR dated on OCT 1 states :
The Company shall buyback 99 percent of the issued and outstanding shares of the Company by the Company in exchange for a convertible debenture paying each shareholder $0.0001 per share, and having a maturity date of 5 years with 10% interest per share annually.
Providing the exchange rate for the shares prior to OCT 1st is true, then the pps would be valued at .0001. If we get above that then the MM's are losing out so they have to keep it at this price for when conversion day comes.
Also if this is true then the pps should adjust accordingly after Oct 30th to .02 and the MM's will have to come up with shares to match whats actually out there with us shareholders and Insiders. I personally dont think they will find the shares because most of the shorted shares were "Naked" so they wont need to return those.
In any case the MM's will have to letthis run sometimes after the 30th to cover for the regular shares they do have short. My opinion in this whole escapade is that upon the announcement of reduction in the A/S, the MM's had a window of opportunity to short and NS the shares into oblivion as everything was in process and probably not completed yet.
This is only my opinion, while justifing how the MM's can keep us here at the .0001's and brazingly not trying to cover any shares.
News 
Market Data 
Discover 
AI
