Actually, this allows management and the board to sell their shares. If you go pages 17 and 18 of the document, it says:
This prospectus relates to the reoffer and resale of shares of Common Stock issued or that may be issued to the selling stockholders under our 2006 Equity Incentive Plan, our 2010 Equity Incentive Plan and our 2014 Incentive Plan. The following table sets forth (i) the number of shares of Common Stock beneficially owned by each selling stockholder as of May 19, 2017, (ii) the number of shares to be offered for resale by each selling stockholder
And then lists how much the management team can sell. Specifically, Kai Shing Tao is selling 32% of his stock (up to 2,737,499 shares) and everybody else is selling 100% of theirs.
It looks like this management team is gearing up to get what they can out of this piece of #$%$ before the debt owns the business
Does anybody know what the four million share registration with the SCC is all about? Is this more dilution of our shares?
Awful quiet, O as management destroys Remark. High Return I believe you have realized that management is only aligned with management they don't care about a single one of us. If Remark breaks through $2.50 it will likely hit $1.00 and if it goes below 86 cents we will go back to 8 cents and remark has been there before. At that point Remark will do a 25 to 1 reverse split. Then raise money, give management more shares to compensate them for dilution bringing remark back to 15-20 million shares. Management gets rich and shareholders get nothing. Go look that happened almost exactly, not that many years ago.
Curious....Announcing Q1 on day 45 after the quarter ends AND in the middle of the day. I wouldn't want to be long going into the weekend. Neither does the market judging from the past couple weeks of action.
Q1 earnings call: It seems, finally, this may become tipping point for Kankan. Kankan will dwarf all over time. Alibaba chose Kankan as #1 of 600 entries as best technology. That should speak volumes ....
Awful quiet. James .....?
looks like the shrts manipulation machine is broken or has been taken away temporarily..shorts better hope we dont get news of some asset sales soon...
Remark shares should move significantly higher this week, starting what we believe will be a significant long term uptrend. The reversal began this past week with a move higher that we expect to ga…
8K out - CUSIP number change. Interesting indeed ...... you need real stock certs (i.e. real stock ownership - electronic or otherwise) to swap out for new CUSIP ...what happens if you don't have real stock or a real borrow ????? I wonder ....
So that was all we needed was a good ole fashion name change.
$2.76 a share??!!! What the heck is going on w this company? The management team is an absolute disgrace. It's sickening.
Most interesting from the 10K is the last line:
On January 23, 2017 and March 16, 2017, we issued a total of 290,000 and 92,308 shares, respectively, of our common stock in private placements in exchange for $1.5 million and $0.3 million, respectively.
Now that works out to 5.12 and 3.24 per share. However, the stock on those days was trading at 3.43 and 2.98
Curious......With a close at 2.65, Mr. Kai Shing Tao must have some very angry investors
More nuggets from the 10k to come, but this seems like a pretty good one.
Oh, and they are out of money again, so more dilution to come.