Why the 4th of July...probably just because he jus
Post# of 40991
(Total Views: 290)
Posted On: 07/05/2018 11:04:40 AM
Re: reindeer830 #14428
Why the 4th of July...probably just because he just wanted to give FINRA a couple of more weeks, & Independence Day fell on his self imposed timeline...I doubt it was anything more than just a very notable, arbitrary date.
FINRA is not a government agency...they took over the reins from a previous government agency. Now...they sure act like a bureaucratic government agency...that's fer sure!
https://en.wikipedia.org/wiki/Financial_Indus..._Authority
I honestly don't know why he insisted on doing the share retirement as part of the name change...could be fees...could be a "clean start" to a "clean new company" or something else. Obviously, he is frustrated that it is taking so long...in the immortal words of Forrest Gump: "$hit Happens". ie: the recently discovered debt from Delaware domiciled ONCI shell seems to be the proverbial fly in the ointment.
Re: FINRA change/catalyst...new company/new start...1.4B shares being retired...positive $$$ flow already on the books...etc...that's a good story. Why we aren't trading higher, with all the positive fundamentals going for us right now...I don't have a clue...but I do believe it eventually will. Yeah, it sucks that we're stuck where we are...but tons of forward progress (contracts & $$$) continue to be made by SB...so I patiently wait for the market to come around.
FINRA is not a government agency...they took over the reins from a previous government agency. Now...they sure act like a bureaucratic government agency...that's fer sure!
https://en.wikipedia.org/wiki/Financial_Indus..._Authority
I honestly don't know why he insisted on doing the share retirement as part of the name change...could be fees...could be a "clean start" to a "clean new company" or something else. Obviously, he is frustrated that it is taking so long...in the immortal words of Forrest Gump: "$hit Happens". ie: the recently discovered debt from Delaware domiciled ONCI shell seems to be the proverbial fly in the ointment.
Re: FINRA change/catalyst...new company/new start...1.4B shares being retired...positive $$$ flow already on the books...etc...that's a good story. Why we aren't trading higher, with all the positive fundamentals going for us right now...I don't have a clue...but I do believe it eventually will. Yeah, it sucks that we're stuck where we are...but tons of forward progress (contracts & $$$) continue to be made by SB...so I patiently wait for the market to come around.
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