Replies to post #5488 on Safeguard Security Holding (fka SSHSQ)

[Smilin_B]

SSHS moves nowhere unless NIR group decides to not convert and distribute shares.

Will they?

They diluted all the way down to zero bid, and killed it for months.

Now market makers are back to participating.

It is my opinion, based upon what i'm seeing - that NIR group and the "new" investors/financers may have come to a short term agreement. New shares may have been issued for FREE (perhaps another PIPE)to these financers, with NIR group "agreeing" to not convert and sell their own shares until the PPS escallates on high enough volume for them to resume selling.

Simply put, if NIR group wishes to be paid back the $3,000,000 they are owed, via conversion of debt to equity - then they NEED to allow the PPS to stabilize and increase.

In the event that Safeguard Security and its subsidiaries begin to service the Ribotsky debt (NIR group), from cash proceeds out of the revenue stream - then that event alone, would be enough to send the shareprice skyrocketing (outside of any further PIPE'like dilution)

Remember, we do not know the TERMS of the latest round of financing, and surely they must be somewhat toxic.