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TarHeelTrades

02/04/14 11:45 AM

#73397 RE: Dutch4 #73394

Less than 103MM in the float currently...of which 100MM are tied up in the hands of Mark Newbauer....leaves the public with under 3MM. Could Newbauer be selling? Yes. But I believe the common shares he holds are simply collateral until the merger deal is completed. Why would he dump at $0.06 in a low float stock with so much upside? Why would the company have stated that they WOULD be completing a 1000:1 reverse split on the OS as late as 1/6 if they are not indeed committed to doing so? For that to happen, those 100 million shares of Newbauer's have to go away, leaving NVOB with a float under 3 million. I believe that these are games...and I only wish I had more money to buy today (would have to wait for more funds to clear) so that I could take my stake over 100K. NVOB.
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TarHeelTrades

02/04/14 11:46 AM

#73398 RE: Dutch4 #73394

Less than 103MM in the float currently...of which 100MM are tied up in the hands of Mark Newbauer....leaves the public with under 3MM. Could Newbauer be selling? Yes. But I believe the common shares he holds are simply collateral until the merger deal is completed. Why would he dump at $0.06 in a low float stock with so much upside? Why would the company have stated that they WOULD be completing a 1000:1 reverse split on the OS as late as 1/6 if they are not indeed committed to doing so? For that to happen, those 100 million shares of Newbauer's have to go away, leaving NVOB with a float under 3 million. I believe that these are games...and I only wish I had more money to buy today (would have to wait for more funds to clear) so that I could take my stake over 100K. NVOB.