Just spoke with my broker who made some inquirees .. Now why would they do that..He said its a 1-1 exchange and they have provided nothing to update so its them holding up the process.. I expect this to continue to go up until the shares are release and just before that happens now I expect a huge PPS dump.. I believe they should halt trading until they resolve the issue..
Did it occur to you that the company did this so the price could go up to a point where they can get investor financing after the jan 8 and 9 presentations without causing as much dillution to existing shareholders? I don't think it's a coincidence that this cusip change is happening right before the company's big events next week. And to the #$%$ who thinks the company did this so they can dump stock, why is the price going up if they are dumping stock? and why would they wait until the old shares are tradeable before dumping their stock? Use your head.
actually it did occur to me It also then accured to me if that was the case how they took adavntage of the stock holders.. I do believe a higher PPS is more attractive to possible new investors.. So then they need to do there jobs and add value not manipulate PPS at tyhe expense if current investors.So honestly I hope this was not done with a pre-planned adgenda