first of all if that is a real pr why is it not being put out on a newwire and not by a poster on the raggingbull board. something is fishy in ants land with the ceo if he is passing this along with out verification
One issue on the PR is that there is no byline...you world normally see something like PRnewswire or Bloomberg as the provider....nothing here..unless the poster cut and pasted without byline.
As to what the stock does, you still would have 260 million shares O/S (300-40). Reducing the float by 40MM would widen the bid/ask spread. If you reduce the O/S shares by 13%, the price should go up by 13% but penny stocks are different as price moves are exaggerated with any news. I note that the "PR" says first step so maybe it's talking about only 2012.
I suppose the Doc will have to put this PR on the website if real.
Don't really know right now. Mafia mentioned several sources of where the PR was sent to this morning. He seems to be in contact with the Doc.
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