It was another follow-up tout job by Future Superschlock. Here's what's probably happening:
The Company decided to renege on the conversion of the Reg S deal. They're going to get their heads handed to them by the folks they reneged on. Remember, these are people who absolutely, positively do not like having their magic carpet rides yanked out from under them. These are people who are the financial equivalent of Bruno and Luigi who have each have one eyebrow and talk in mono-syllables. These are people you do not want to meet in a financial dark-alley. The Company has decided they want to play fast-and-loose with these people, anyway; they will learn, to their chagrin, the folly of their ways. Indeed, they may have already realised this, and put out an emergency call to Future Superschlock, to put out yet another follow-up tout <there have been at least 4, since the original, but who's counting, right?> to get the stock price up so that when they're forced by "Bruno and Luigi" to honour their end of the bargain and keep popping out common to meet the conversions, they at least won't have to do so with as many shares as when the price was - oh, say - $2.50.
What a hoot! |
