marylandstockguy
3 weeks ago
That's an interesting analogy. Certainly possible - but it's not a direct analogy IMO. Sounds like they did a 1:50,000 share split, and the AS is still 100 billion - 50 billion more than here. Also, the restricted share percentage is way lower than it is here. Here it's about 80 percent or slightly higher, there maybe 55 percent? Also what is FrankSpeech network? Do they have the potential revenue of San Global Dining? It's hard to know. I get what you're saying, but it's just speculation. It is interesting that they did RS their own restricted shares. That could certainly happen here, and almost certainly will at some point - but when? What if it's not until there's a decent run after the annual report? It sounds like Incapta did it at basically .0001?
Finally, it looks like FrankSpeech is going up a bit today. You never know for certain how an RS will play out. We'll see.
bri123
3 weeks ago
I'm not sure how long they have to hold them, but if they want to make money off them, they would have to sell at the bid price, which would make the price stay or go down. Maybe they can sell the shares as a market limit order, but I am not sure about that.
This seems more like an institutional investor anticipating filings or news. Since it happened all at once first thing in the morning, they would have that order in after hours last night, so it gets executed at market open.
Whatever the cause, at least it is moving. I am still in the hole at the moment (averaged at 0.0004), so I need some more movement before I am happy.
Rainer
3 weeks ago
$PLPL Investors await confirmation from the new Taiwanese owners, expecting significant revenue from the acquisition. The merger has cleared all debts except for $55,000. New management holds 32.4 billion shares, nearly 80% of the total, supporting a patient investment strategy. pic.twitter.com/1TYy6LeiNQ— PLPL Shareholder Network (San Global Dining, LTD) (@TeamPLPL) September 4, 2024