You should be happy, not pissed, but happy is only
Post# of 75011
They just saved your investment. The shorts have been working overtime, with the help of their minions on these boards, to pound this stock down into the trips (.000X/share).
If they were successful, then the company accessing their financing to keep paying venders, co-packers, etc., etc., would've generated dilution the likes of which would've resulted in a truly horrible RS later.
They were too far from the financial reports that would've allowed for borrowing or cutting deals conventionally to buy back shares. The bleeding had to be stopped NOW, not later. Like I said, they saved your investment. You have to rethink ALL of the numbers, not just the difference between $1 and $20.
When all of the numbers in the mix are factored in, you can better understand that they can now reach $20/share MUCH sooner than they were ever going to reach $1/share where they were headed with their pps being shorted and an investment group/ big investors just saying "sorry, not yet".
It's a damn good thing the 8-k came out when it did so those not understanding when an RS is good verses when it isn't, would have time to digest all of the logic and clarification. If not, knee jerk reactions would've seen a lot of people panicking and dumping their shares as they assumed the stock would shrivel up and they would lose it all and never get it back.
Dumping would likely have been the worst thing they could ever do, since a bounce back could easily slam the door shut on them making it impossible to buy their shares back at the pps they sold at, costing them thousands.
Instead, whether you realize it or not, your original hopes for reaching your return on investment target just got much better. The bleeding will stop and It'll now be NO SURPRISE to see an investment group step in, buy up most of the float, and make it really hard for shorts to hit the stock hard for lack of available shares with witch to cover. That increases their exposure or risk factor HUGELY.
Yes, these guys were working with the best. The predicament they were in was made perfectly clear, and the very best option was to fix the problem immediately before huge dilution and a return to the pinks took place was to cut the shorts off at the knees. They were coming up on 50% of the authorized shares and it was going to get ugly.
Shorts will still F around, but they'll get spanked hard as the news and numbers come out in the month immediately following the split. The stock will climb just as Mr. Gillen said it would. I'm sure it'll get a little messy before it really starts to run, but it's creative destruction. As this year unfolds, you'll see it wasn't your investment potential that was destroyed, but the potential ruination of it that was destroyed instead.