I have been asked for my opinion on this latest FI
Post# of 11106
I have been asked for my opinion on this latest FINRA announcement & to stimulate discussion here I will post publically....
First, IMO IMO IMO IMO IMO I will be speculating based on clues, common financial sense & of course hope...
The short answer is this is great news. I do believe this will be instead of the 3/14 divvy not in addition to (Jason stated most will be happy SOME will not be). THIS IS A FINRA action, not a PVEC action so if ahall & Seeamm want to b&tch to FINRA about a FINRA action they will win the stupidity award imo (yes I know again they will win it). they'll have some time to work on that acceptance speech where they can thank God for their stupidity imo.
this is great news because I believe it is (BECAUSE OF FINRA'S ACTION) underhanded, ethically questionable, etc. & I LOVE IT. Think about it. If the co has been buying back shares this sp will explode imo based on far fewer shares available & no covering to block our rise. Plus I am hoping the company will announce the completion of the buyback plus the additional 600 million illegally conversion shares recovered & retired in the next two weeks.
I think the company didn't fill their paperwork our properly with FINRA for the first preferred divvy so this is the result (yes my speculation & I am fine with the company's growing pains in this area - regulatory filings aren't easy). I also hope the 20 cent "value" cr#p is excluded this time as that isn't a good move & I wouldn't be "fine" with these types of company growing pains. If your intent is to get the sp to 20 cents then go & do it, don't promise it in this way.
The company if it indeed is buying back shares are getting them from peeps that were selling after the 3/14 date so they are getting them cheaply. Plus, because of FINRA's action the company has cover from FINRA for such buying.
No lawsuit will come of this as again it is a FINRA action.
should be a great next 2 weeks (yes just the start imo), regards, buddy