strauss we're in the dark, retailers spinning the wheel right now pretty much. not so for the holders of those $0.006 shares I bet. for current shareholder's sake hopefully these 'sophisticated' investors are looking at something convincing enough to prevent them from the temptation of cashing in a 400% profit!
with these reverse takeovers, when's the requirement that some form of a prospectus/business proposal is released to public, pretty unfair that the insiders i.e majority shareholders have this info available to them yet don't release it, while at the same time the stock is open for trading....
biggeest example I use is MYA, what on earth is going on there? stock has soared to expected $400m cap post recapitalisation, on the basis of an acquisition for a company they appropriately only paid some $18m for (based on value of shares in mya prior to announcement)and might I add mya don't make a cent right now!!
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