Priscilla,
I agree that I don't think we will see financials until after the reverse merger, but I think it has more to do with getting the most stock appreciation out of the release of the audited numbers. On the OTC:BB, the MMs will be able to manipulate the stock price more. If past history (is there any other kind of history?) is any indication, the MMS will be reluctant to let the stock price rise. They can basically set the bid and ask. On the Nasdaq, the MMs are regulated more, which means that good ol' supply and demand is a bigger part of the stock price, so will see a greater increase when the numbers are released.
In summary, I think the audited numbers will create a big demand for the stock, and the price will rise more if we are on the Nasdaq when the numbers are published. I think Ira knows this and that is the reason we have not seen audited numbers yet. This is smart, IMO, since I am looooooonnnnnnnngggggggg on FAMH.
Cheers,
Dave
P.S. Did everyone read the thread about MM manipulation and shorting stocks (if not, see link below).
Subject 19113
I wonder what the short position is in this stock? This may be one reason we see a heck of a lot of buys, but not many sells. Where do the stocks keep coming from? This also may be the reason the MMs are reluctant to let the price rise - it will be more expensive for them to cover. This also might be the reason the MMs have been slow to execute buy orders at the Market price.
WE NEED TO SQEEZE THE SHORTS WHEN THIS THING GOES TO NASDAQ!!!! WE ALL NEED TO CALL OUR BROKERS AND GET OUR STOCK CERTS. Of course, the shorting that may or may not be going on now is illegal. The shorting we will be preventing when we get to Nasdaq (and a >$5 stock price) will be legal. Either way, lets just all say SQEEZE?
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Re:Financials. All I can figure is that Ira doesn't want the stock price to go up until Atrix deal is said and done. Like Cheryl, I think he is trying to get the best deal for us.
Priscilla
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