Posted On: 12/05/2016 5:42:06 AM
Post# of 22463
If you read my post #3895, you'll see that I make the case that a R/S isn't a bad thing in itself. What needs to happen is the authorized shares needs to decrease at the same time as a R/S.
This in my opinion was the only part of the proxy that I disagree. They will have my vote on all items if they change the R/S vote so that authorized shares are reduced by the same ratio.
A R/S after a commercial contract is announced can be a good thing to get us to the NASDAQ quickly where institutional investors and many other solid investors trade the market. I think that we will easily hit $1 on the OTC on sales announcement, but the sulking trading schemes of OTC market makers and day traders could hinder continued growth.
This in my opinion was the only part of the proxy that I disagree. They will have my vote on all items if they change the R/S vote so that authorized shares are reduced by the same ratio.
A R/S after a commercial contract is announced can be a good thing to get us to the NASDAQ quickly where institutional investors and many other solid investors trade the market. I think that we will easily hit $1 on the OTC on sales announcement, but the sulking trading schemes of OTC market makers and day traders could hinder continued growth.
(1)
(0)Scroll down for more posts ▼
