Replies to post #15141 on Greene Concepts Inc (INKW)

[hot-penguin]

Very good post - my sentiments exactly. All this nonsense about $20 per share - everybody just forget about that. If he even said that, so what? People say all kinds of things when they're excited. Any sane person knows it could never happen with this SS but let's not all start flipping out and using scare tactics about an R/S just because there was a purported mention of a much higher stock price.

There won't be an R/S for quite a while.

[Live42Day]

gmoney,

You are correct that it is a lot easier for pinky companies to RS during a time of strength.

Re your comment: "I believe the CEO is smart enough to do that in a period of strength when the listing requirements of moving to a larger exchange requires such a move."

Unfortunately, this CEO may not have the luxury of waiting for better times before doing an RS. Let me explain:

The current AS = 5,000,000,000
The current OS = 4,580,000,000
Difference = 420,000,000

Now, let's put that 420M into perspective. In the last week or so LKEN's OS has increased from 4,180,000,000 shares to 4,580,000,000 (400 million shares). At that rate, the OS is going to be maxed out in the coming days. That leaves this CEO with a dilemna - either increase the AS to say 6 billion or do an RS. The timing of the CEO stating that he will be "restructuring" concerns me that this may impact shares and be tied to an RS being announced.

My purpose is not to bash but to make sure that everyone is aware of these key variables before going "All in" as some have stated. It's good to have as many pieces to the puzzle as possible before investing in these stinky pinkies.