Skull and crossbones update - It looks like per
Post# of 75385
Posted On: 04/09/2015 1:19:59 PM
Skull and crossbones update -
It looks like perhaps the skull and cross bones may have been brought on in regards to some concerns about the issuance and conversion of insider shares that weren't appropriately handled.
I still don't have all the info.
There is a rumor that the company officers issued 10 million shares to themselves in order to keep a 51% share majority to prevent a hostile takeover.
I'm not sure what it all means. I can understand the officers wanting to maintain 51% majority, and I can understand them wanting to prevent a takeover.
They may have screwed up by not filing the proper paperwork properly.
I have to think, though, that the best chance for the officers/management to get wealthy is for the stock price to go up. I would imagine that they are going to be doing everything they can to get the stock price up over the next few months, if their intent is to get wealthy. It doesn't make sense for them to sink their own ship, unless they bailed out. So why are they acquiring more shares? Perhaps they have something coming up that they know will boost the price.
Any thoughts from anyone?
It looks like perhaps the skull and cross bones may have been brought on in regards to some concerns about the issuance and conversion of insider shares that weren't appropriately handled.
I still don't have all the info.
There is a rumor that the company officers issued 10 million shares to themselves in order to keep a 51% share majority to prevent a hostile takeover.
I'm not sure what it all means. I can understand the officers wanting to maintain 51% majority, and I can understand them wanting to prevent a takeover.
They may have screwed up by not filing the proper paperwork properly.
I have to think, though, that the best chance for the officers/management to get wealthy is for the stock price to go up. I would imagine that they are going to be doing everything they can to get the stock price up over the next few months, if their intent is to get wealthy. It doesn't make sense for them to sink their own ship, unless they bailed out. So why are they acquiring more shares? Perhaps they have something coming up that they know will boost the price.
Any thoughts from anyone?
(0)
(0)