As I was watching the paint dry, I did a quick calculation of the YTD numbers for CONX: Average price: .19867 with a total number of shares traded at ~5,446,300. Average daily trading volume is ~ 23,374. Numbers based off of Yahoo.
Most likely it won't. These guy's need some sort of exit strategy so they either sell it, milk it or get young blood.
Mr. Douglass T. Simpson , 65
Chief Exec. Officer, Pres, Director and Pres of Corgenix 245.00K 0.00
Mr. William H. Critchfield , 67
Chief Financial Officer, Principal Accounting Officer and Sr. VP of Operations & Fin. 223.00K 0.00
Ms. Ann L. Steinbarger , 60
Sr. VP of Sales and Marketing N/A N/A
Mr. Taryn G. Reynolds , 53
VP of Facilities and IT
JMO, I'm not saying CONX is going to get acquired but a acquiring company does not want any lawsuits to impede the movement of the transaction. It is also possible that the Japanese Doctor was given equity in the company. I have no proof of any of this just making a point for discussion. I've seen it before in companies that I have worked during the due-diligence phase. I've held this stock since 200 7so like all involved hoping for things to turn around.