Pink Sheet Hell I think in order to get back to
Post# of 45510
Posted On: 09/11/2014 8:19:52 PM
Pink Sheet Hell
I think in order to get back to the Bulletin Board the Company has to get back to at least a penny (I don't know how many days it has to stay above a penny) and, it will need, according to an April statement on this Board, to pay a reinstatement fee of $12,500.
In addition, the Company has to be current with all its public filings.
After all that happens, I don't know how long it takes to get to the bulletin board
Assume the company makes a big move and goes to .001, to get to a penny it needs another reverse split, to play it safe, it does a one for twenty reverse. Assuming there are without the convertible debt shares that were most likely converted, say 40,000,000 shares. That means there are now 2,000,000 shares.
Question:
1) How many shareholders are there after the reverse?
2) At two cents, how many shareholders have over 10,000 shares (200,000 shares pre reverse)?
3) How many people will even look to sell this stock not that they think it is going higher, it is because they get virtually nothing after they sell so why bother?
4) Why even bother stay as a reporting company with all the obstacles that this company will have to get back to the otc bb
In short, this stock and its days of scamming are over. The more I read about this company, the past business and securities experience of the Chairman, the lack of outside directors, the lack of its ability to ever turn a profit and the inability in nine years to any kind of revenues only points to a company that has survived by selling shares. It has had three stock reverses, no CFO and virtually nothing to prove that it has any future says it all. Even its so called joint ventures and partnerships have generated nothing in revenue but a lot in hype.
I tried to hit the sell button today but, to slow. Hopefully, I will get out even before this goes to the gray market if indeed it is traded at all.
Time for the management to find a new shell to sell to the unknowing investor.
4
I think in order to get back to the Bulletin Board the Company has to get back to at least a penny (I don't know how many days it has to stay above a penny) and, it will need, according to an April statement on this Board, to pay a reinstatement fee of $12,500.
In addition, the Company has to be current with all its public filings.
After all that happens, I don't know how long it takes to get to the bulletin board
Assume the company makes a big move and goes to .001, to get to a penny it needs another reverse split, to play it safe, it does a one for twenty reverse. Assuming there are without the convertible debt shares that were most likely converted, say 40,000,000 shares. That means there are now 2,000,000 shares.
Question:
1) How many shareholders are there after the reverse?
2) At two cents, how many shareholders have over 10,000 shares (200,000 shares pre reverse)?
3) How many people will even look to sell this stock not that they think it is going higher, it is because they get virtually nothing after they sell so why bother?
4) Why even bother stay as a reporting company with all the obstacles that this company will have to get back to the otc bb
In short, this stock and its days of scamming are over. The more I read about this company, the past business and securities experience of the Chairman, the lack of outside directors, the lack of its ability to ever turn a profit and the inability in nine years to any kind of revenues only points to a company that has survived by selling shares. It has had three stock reverses, no CFO and virtually nothing to prove that it has any future says it all. Even its so called joint ventures and partnerships have generated nothing in revenue but a lot in hype.
I tried to hit the sell button today but, to slow. Hopefully, I will get out even before this goes to the gray market if indeed it is traded at all.
Time for the management to find a new shell to sell to the unknowing investor.
4
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