RE:RE:RE:RE:RE:RE:LOI, to acquire EWSHi wildswing, to make things simple for everyone, I am going to make some points here. As we all know, the deal came late on Friday so a lot of people are out or not reading news. This is a non binding LOI, meaning it can be canceled by either party, but it sounds very firm and both parties done their due diligence already.
If it was a definite agreement, the stock would be trading at low 20s probably, but what's putting pressure on the stock is the PP, this is absolutely legal and I had seen something similar before with other stocks, it's like a reward to "key people" who were very active in the company, and who knows maybe simmons are part of it too. Anyways, when you get offered a 10 cents shares, wouldn't you want to sell your 12 cents so you can have money for the 10? Makes more sense doesn't it?
Once the PP is closed then the stock will rally, especially when we get the definitive agreement, so you can buy more at 12-15 cents or sell and participate in the PP which I was told is already over subscribed.
Anyways, is your name wild swing or wilds wing ? Lol. How long have you been in this company ? And do you have any comments about management?