RE:RE:RE:RE:Some hopeAs I have posted before, Cole Steven's (VP Corporate Development) has gone on record in an email (3 weeks ago) to state that the colateral financial obligations related to listing at $2.00 USD, while it can be done, would put off their ambitions of listing on the NASDAQ until H221. As such he feels that the $3 USD minimum bid is what they will be shooting for inorder to acheive the state goal of a H121 uplisting .
He furthered the statement that once they list on an American exchange and "tighten our capital structure" that they will be creating substantial shareholder value. He finished with "We are excited".
It seems strange to me that we have gone from recent months/weeks of positive communication from management (including providing outstanding preliminary guidance for F20, forward guidance for 2021 through various conferences and cc's, and upbeat talk from IR) to suddenly made to feel that financial disaster is nigh. I don't buy the doomsday scenario; it doesn't jive with the narrative.
Don 't get me wrong, I am stressed and substantially pissed to have to go through the lack of transparency...I have a lot invested in this company, as I have for 4 years. I remember too well the halt trade that was issued Friday, May 6, 2019 in the wake of the cyberscam, shaking my head in disbelief as I read that they had transferred millions of dollars to the thieves instead of paying off the debentures.
But strangely I am relatively calm and upbeat presently... this feels different than 2019. I spent yesterday walking multi-million dollar properties with my wife because it is my gut feeling that the halt trade is related to the capital restucturing that IR has stated they will have to do. When the rubber hits the road I feel that we will be going north ...and quickly.
Going to look at a couple more properties today, and I believe they will be bought with PTQQF:Nasdq profits in the near future.
Keep on keeping on.........