-they arent going to do a r/s of the kind that scares traders and they dont need to for thats only for companies w negative income-they arent going to do the other kind of r/s real soon either-so lets keep those subjects-which are used as scare tactics by bashers-as posted from basher books- off this alternative site unless and until those things become news
THE BIG NEWS THIS WEEK IS THE LONG AWAITED ARRIVAL OF A PANAMAX SO MAYBE WE SHOULD FOCUS ON AND CELEBRATE THAT-THAT WOULD BE LOGICAL WOULDNT IT?
We've been over SS topics adnauseum on other boards thanks to the bashers handbook-this entire site and this board were created as an ALTERNATIVE to the basher boards -so just as the basher boards dont allow many truths and promote scare tactics we dont want to allow many scare tactics here-and prefer to focus on the truth as revealed to the extent possible by DD
as I said they know they need to reduce OS-see Nov 2010 and 2-28-11 PR's re buyback of 60% of float and commensurate retirement of 60% of insider shares and my article on that in Maxs dd summary-there are 2 types of r/s-the one penny traders are concerned with is when a co has no revenue and slips away into oblivion-
CWRN has said they wont do that type of r/s and CWRN has a high profit margin-ore was only 10-14/ton til 2002 so thats why so many illegal mines sprung up once a market model took over in 2008 and prices rose as high as 192/ton
if they did a r/s it would only be to uplist -e.g OTCQX requires min pps of 10 cents and big boards require initial pps of $2 except perhaps for baby nasdaq but I would expect uplisting only to OTCQB at first and that would not require any changes in the share structure and would open a much larger pool of investorsNov 17 2011 PR said no shares issued since 2010 and they've publicly said wont dilute- wouldnt make any sense at this pps- at lagging pps such as this its SOP for companies to buyback undervalued stock for many reasons-
I dont even know if a r/s is allowed w this classification-w all the ever tighter rules I kind of doubt it-otc wont even post quotes in this class-- the scam companies I have seen do a r/s were not in this classification to my memory-in fact some were using an OTCQB classification to hide the fact they were a scam company
