Oh.. my.. god.. so all of the supposedly restricted shares have been unrestricted and are being dumped.
From last disclosures:
Reported TA calls today:
1.3 BILLION shares have been unrestricted and are being added to the float. We dont know how many have been dumped and how many are left to dump...
The only remaining restricted shares (actually restricted) are now the 300M of the Oronco deal subject to the clawback agreement and the new 50M in the OS paid to Virrcom.
Bad: - This throws all the short theories OUT THE WINDOW. There is no short position. This is not down for no reason. There is no huge momentum waiting to explode upwards. - An unknown amount of the 1.3 Bil remains to be sold. - Our CEO was somewhat dishonest when he told us there was no dilution but failed to mention all the restricted shares became unrestricted. He should have done so. Some people may consider a float increase of 50% to be a "significant change in share structure". -It will be much harder for this to run with a 4.1B float. -For some reason all the restricted shareholders felt an urgency to get the hell out as soon as their shares became unrestricted. They did not view an investment in APCX as having any value - not even worth .0009.
Good: - The OS hasn't increased except the 50M paid to Virrcom. - We now know there is a finite amount (1.3B) of shares to be sold. With the recent volume, the end of this may be somewhere in sight (but we're not sure). - Un-gagging the TA was an appreciated move by investors adding transparency to the company
No date, nothing to comapre, just numbers with no meaning, guess every tom, dick and harry needs to call himself. Or these higher than a week ago, I just can't keep up with, everyone changing numbers around. We're going to be green tomorow--go APCX