This pop today is going to be ruined if the RS is approved and takes place. This gain will be meaningless long term. If you are in it for short term, then now is your chance to grab the gain. But long term, they are doing it all wrong. All wrong.
Like I said, this can still work out if the RS is voted down.
This thing is gonna fly? Huh? What? Talk to us in 3 days. We are stuck between 7-8 cents forever simply because the management, espeically that dude who can't explain GAAT, mismanagement the move AND they blew a lot of hard cash to see the PPS going south.
What are they thinking? Why don't they announce using the same cash to announce a share BUY BACK NOW and do the audit, then do the 1/10 or 1/20 R/S aiming to uplist? Why can't they announce this instead.
I am still not convinced. I am voting no with my block.
Too much water over this dam already. They could save some face by immediately announcing a withdrawal of the proxy in its entirety, admitting that it was premature, a restating their plan for audits leading to an uplist. I would regain much of my faith in managment if they just owned up to their mistake and reformulated their plan honestly.
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