Mpix Man, the OS reduction isn't not a hinderance
Post# of 5570
Mpix Man, the OS reduction isn't not a hinderance to management. I have a few opinions, but I'll wait until the financials are out in order to make a more educated guess. Let's just say that should a reduction of approx 400 mil shares happened, there might be a few 'share entitlements', basically IOU's of shares in your accounts, that will be a bit on the undressed side of the equation. It would not surprise me to learn that the float could be over 700 mil at this time. Previous management increased the OS by 700 mil on Dec 18, and the stated float has increased dramatically since then. You and I both know, the float can only go up as restricted shares in the OS become unrestricted and appear in the float. How many of those 700 mil shares have been sold since? My opinion is a chitload. What do shareholders of the previous management team have to show for it? Nothing!
As you've noted, so much has happened with MPIX over the last few months since the new management team took over. Of major importance is that the AS has not gone up, the OS hasn't been increased. The OS will be reduced, and the new team is working 100% for shareholders and not themselves, as was clearly the case of the last few years with both emxc and mpix by the same individuals who are now no longer with the company. There has been a major seller(s) around since Dec 18, and I have my opinion. But let's see what happens after the financials are released and the share reduction to the NON-convertible preferred takes place.