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.
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.