Some have speculated on the IHub board and I tend to agree that the previous talk about r/s was just a first stab by the company as they were trying to figure out why the share price kept going down even though insiders were buying. For those of us who owned shares for months and were frustrated by this, it shows that often this is "trial and error." Language can be a bit off or less than precise when these small companies write their own PR's.
Notice that today's PR and the one before that said NOTHING about a r/s. I'd take it one day at a time at this point. It's pretty clear that the company is not a typical pump and dump that we often see on the pinkies. I don't believe they are going to do something that would hurt the share price.
I don't know what they are going to do, but you can imagine what will happen to the share price if they announce that they have decided NOT to do a r/s, but that the asset and revenue structure contemplated in the PR's was still going forward. Furthermore, imagine what asset based financing, which they have hinted at before, would do to the share price. The leverage based on r/e and construction assets, could create a much bigger play for all of us.
You've seen the numbers that they put in their PR's. They aren't precise so you have to take it all with a grain of salt. But, if it turns out as they say, then you have a potential share price, that is many times the current share price.
Down the road, perhaps if they go to the Nasdaq, they may want to cut the o/s to a more typical 40 or 50 million shares, but that would be perhaps a year or more out. |
