The things he said about the portfolio companies selling through VNDM may very well be true, although we can't be 100% sure about that. However, what he said about the AS possibly going to 5 billion is absurd, which he knows very well. Whether management is trying to work in the company and shareholders' best interest or it consists of nothing but crooks trying to scam investors, there is absolutely zero chance they're going to allow to happen an event that would promptly drop the PPS down to a thousandth of a penny. Whether the issue can be remedied simply or requires a complicated procedure entailing shareholder approval, the AS will remain at 950 million. Stuart Smith has explicitly stated this, and he also stated that he got the information from the company. At this point, for those who are so worried about this issue that they cannot wait for the PR, perhaps the best thing to do is to contact Stuart to inquire about methods the company is looking at for ensuring the AS stays at 950 million.
Stuart's contact info:
P. 512-267-2430
F. 512-267-2530
Skype: SmallCapVoice.com
AIM: SmallCapVoice7
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