Here is my opinion on what Doc is doing right now.
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Posted On: 05/17/2023 4:09:39 PM
Here is my opinion on what Doc is doing right now.
IMO, doc is not out "looking for capital, equity" as some have speculated. The main reason is his private companies, HRI, PPSI and PSI(?) are mature companies. His new businesses will require capital, yes, but that is why private companies go public, to access public capital markets thru stock offerings and bond offerings. After the mergers and launch, at some point Doc can do a "secondary stock offering" raising capital at a much better price than he could today.
So, IMO, Doc is on the traditional "dog and pony road show" promoting the merger and launch to "private equity" firms that will listen, and other big money. These people, entities, won't buy a "penny stock" trading at these levels but will wait to buy after the the launch even though it will trade at less than the $5 SEC definition. Most actual public mutual funds have restriction on penny stocks but not private equity firms and wealthy people. Wisely, Doc knows he needs buyers ready to buy stock the day this merges and launches. We have a billion shares in the float, 800 million of it in pretty sophisticated hands (because those transactions eliminating that toxic investor were "off the market"
and will probably not be for sale early on. But we need serious money waiting to buy after the merger to push us into the multi dollars so public mutual funds can purchase shares ($5)
So, I am just patiently waiting, hopefully soon. Doc knows what he is doing, he is a very successful business man. We all must remember these are still his private businesses and only he knows the best timing to merge.
On a personal note, if Doc didn't keep me in this stock over the last 5 years with his criptive messages, I would have sold a long time ago and just simply lost my money in some true scam. I would not own the shares I own today if he didn't keep me in this stock with his messages and many disappointments along the way. Most of us old timers know Doc plays this close to his vest for good reasons. All in my humble opinion.
IMO, doc is not out "looking for capital, equity" as some have speculated. The main reason is his private companies, HRI, PPSI and PSI(?) are mature companies. His new businesses will require capital, yes, but that is why private companies go public, to access public capital markets thru stock offerings and bond offerings. After the mergers and launch, at some point Doc can do a "secondary stock offering" raising capital at a much better price than he could today.
So, IMO, Doc is on the traditional "dog and pony road show" promoting the merger and launch to "private equity" firms that will listen, and other big money. These people, entities, won't buy a "penny stock" trading at these levels but will wait to buy after the the launch even though it will trade at less than the $5 SEC definition. Most actual public mutual funds have restriction on penny stocks but not private equity firms and wealthy people. Wisely, Doc knows he needs buyers ready to buy stock the day this merges and launches. We have a billion shares in the float, 800 million of it in pretty sophisticated hands (because those transactions eliminating that toxic investor were "off the market"
and will probably not be for sale early on. But we need serious money waiting to buy after the merger to push us into the multi dollars so public mutual funds can purchase shares ($5) So, I am just patiently waiting, hopefully soon. Doc knows what he is doing, he is a very successful business man. We all must remember these are still his private businesses and only he knows the best timing to merge.
On a personal note, if Doc didn't keep me in this stock over the last 5 years with his criptive messages, I would have sold a long time ago and just simply lost my money in some true scam. I would not own the shares I own today if he didn't keep me in this stock with his messages and many disappointments along the way. Most of us old timers know Doc plays this close to his vest for good reasons. All in my humble opinion.
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