I will keep checking the TA until we know if Mark is going to honor his promise to reduce the float and raise the share price. Here's what they just released from the PR:
Shah added, "In consideration of the projected course of the company, with national distribution and an investment of more than $3,000,000 in the company, we feel the price per share is extremely under valued. Thus, the company will take this opportunity to reduce the number of shares available to the market. No Reverse split is planned for the company."
Alright, this is the tack they are taking, and i'm going to hold them to it. If they honor what they have written, I will become a major cheerleader for them. I have spoken to each of them several times and really want to believe this is true. But, because of getting my heart stomped on in the past by CEO's, all I can do right now is wait and see. I am not willing to take anything less than a sustained effort to accomplish the new mandate. If they resile then I will no longer call management and will not duplicate another PR anywhere. I'm not going to live to bash them either because I will not give them that much power over me. I will simply add them to my list of names that I will never put one dollar into again(this list is growing by the day). Then, as far as this stock goes I will just fade away.....
Anyway...here's what we know.
The O/S is 2,904,540,078.
That's all we know. So, the max the float could be is 2,904,540,078. It may be smaller, but the TA won't give out the restricted shares, and Mark & company hasn't made the effort to release a recent report, so we really can't know. The website says the restricted shares is 2,029,684,656, but how can we know? I mean, the 144 restrictions say that the "legend" isn't supposed to be removed from the stock unless the company is fully reporting. However, I think if you can get an "opinion" letter from a lawyer than it can be done. And if he legend is removed from the stock certificate then they can be sold into the open market and would become part of the float. IMVHO, all we can do is wait and see if the O/S gets smaller or larger....we all know it won't be long.
GodBless-ND
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