Hey Alias, not sure if you follow this or if that was a general bash in response to my own negativity. I was upset at the a/s increase. Turns out it was a mistake off by 200 million and not a doubling of the authorized. What I liked was that the company quickly PR'd the mistake. Most of the pinkies would have ignored it, given the fact we are talking a/s. and NOT actually issued shares.
Further, the PR the next day indicated that the shares, when and if issued, where for reverse merger deals, deals which will likely add to the value of the company. Further, the shares are to be restricted, so the float won't be affected.
With the time that has passed, the share price has held up well and actually moved up from the next day after the Nevada filing. I've been buying at the lows. I think this one is going to surprise many. It was a classic buying opportunity, pinpointed by an increase in RB MGB. LOL.
We don't know the details of what the company will look like when the smoke clears, but given the written trail that has been put together, the answer to your question should be, "no, it is not a typical penny diluter."
There has been no massive gift of shares as with most of the other pinkies. Assuming the hints of it becoming a major corporate entity incorporating Sulja, Consultech and now working with Red Sea in the Mideast, the potential seems to be huge.
CEO Steve Sulja states: "The share increase is for reverse mergers only and will be restricted when issued. The company management is very excited about the upcoming public releases. Our shareholders will be very happy." |
