14 cents now down more than 12% MY MESSAGE FROM Oct 17th. I went on to say
a total pile of poop.
But now at 3 cents. I can say it's going to move higher than 3 cents. Sixteen19 and the Hoffmans may be taking this private. They can cancel the preferred, slamming down the fully diluted float in order to own more than half the common. In August they were willing to do a stock repurchase. It failed to keep the share price above what is now $1.50 on the chart. The issuance of the preferred is a trojan horse, a decoy to crush the share price. Strictly a theory, no inside info but if the business model is strong enough to get Sixteen19 partnering, then going from $1 to 3 pennies, certainly worth the risk of seeing if the theory plays out. NO ONE HAS THE SENSIBLE RIGHT TO CALL ME A PUMPER. I was a huge bear at 14 cents. Watch the company get bought out by the insiders.