It will indeed climb a little after the Audits are
Post# of 1873
Posted On: 07/25/2016 1:06:04 PM
It will indeed climb a little after the Audits are released but I think the fact that the R/S has been asked for is going to suppress this price. I cannot imagine anyone buying in to a R/S and most everyone will be selling to get out of it.
The company has to not use shares to finance operations if they do a R/S or the price will tank. That is the real fear there.. They have a A/S of 10 Billion. They convert executives and major creditors shares to preferred and then r/s the common shares. This gives them 9.9 Billion shares they can put out for sale, while we all wait for our shares to release to us. The price could actually be right back to where it is now before we even get the chance to sell our shares after the r/s.
That is a legitimate fear and a reason why a lot of people are going to get out ahead of the r/s. The CEO has stated that the R/S would be used as a tool to get the stock up-listed to a better board. Now, that is juts word of mouth not in writing that I have seen. If they are sincere about it, they will get current, bring up the price, r/s and hold the shares they have and work on the up-listing. The lack of shares will allow the price to increase. If we want to be anywhere but the pink sheets we have to get the price above a penny. Nasdaq requires trading at a dollar minimum for a year to list there. I am not certain of the OTCBB market and their minimum.
I am watching for the Finra announcement on the r/s. Has not occurred yet. Price will determine if I try to sell ahead of it to buy back in later. I am up in the air on it. It will really come down to my feelings on what DF is saying after it is announced.
The company has to not use shares to finance operations if they do a R/S or the price will tank. That is the real fear there.. They have a A/S of 10 Billion. They convert executives and major creditors shares to preferred and then r/s the common shares. This gives them 9.9 Billion shares they can put out for sale, while we all wait for our shares to release to us. The price could actually be right back to where it is now before we even get the chance to sell our shares after the r/s.
That is a legitimate fear and a reason why a lot of people are going to get out ahead of the r/s. The CEO has stated that the R/S would be used as a tool to get the stock up-listed to a better board. Now, that is juts word of mouth not in writing that I have seen. If they are sincere about it, they will get current, bring up the price, r/s and hold the shares they have and work on the up-listing. The lack of shares will allow the price to increase. If we want to be anywhere but the pink sheets we have to get the price above a penny. Nasdaq requires trading at a dollar minimum for a year to list there. I am not certain of the OTCBB market and their minimum.
I am watching for the Finra announcement on the r/s. Has not occurred yet. Price will determine if I try to sell ahead of it to buy back in later. I am up in the air on it. It will really come down to my feelings on what DF is saying after it is announced.
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