Squirrely_McShitty
4日前
They got nothing to say. When shit changes, everyone will know about it. Until then, they refuse to work to get PC in any way other than through a Form 10. It's senseless, to me at least, but it's their company, so just get comfortable waiting. Something should happen within the next six months or so.
pitacorp
1週前
Ronnie, in A perfect world, that's how things are supposed to happen. But in pink sheets and especially expert market, that doesn't always happen or even come close to always happening the way you described... Market makers can buy and hold things, they don't have to report every buy and sell that same day, they've got so much p leeway and so much lack of oversight, they can do whatever they want. Theoretical approach on selling it, the bid for someone else's ask, etc
pitacorp
1週前
Ronnie, in A perfect world, that's how things are supposed to happen. But in pink sheets and especially expert market, that doesn't always happen or even come close to always happening the way you described... Market makers can buy and hold things, they don't have to report every buy and sell that same day, they've got so much p leeway and so much lack of oversight, they can do whatever they want. Theoretical approach on selling it, the bid for someone else's ask, etc
pitacorp
1週前
Maybe or maybe not, but the math is still right on.. The only thing I don't have an answer for is exactly what went on with the buys and sells. I do know what I sold, so I do know when somebody said, look at all those buys, that they were wrong because those were all my sells. On the other hand, whatever the market makers do to balance out their trades, shorting along the way, hiding, buys or sells to make it look a certain way, or whatever. The games that are played with penny stocks and gray market stocks, that's what I don't know. Know. And that's what nobody here will ever know.
Squirrely_McShitty
1週前
Agree. This makes zero sense. Sunk cost fallacy.
For those unfamiliar - say you have been waiting in line at the grocery store for 20 minutes. Everyone ahead of you has been paying by check, loose change, need price checks, are baffled by the use of credit card readers, are idiots ... whatever.
You glance at the line to your right, and it has moved smoothly & is half the size of yours.
Your next move is obvious - switch lanes, right? Not all people will do that, though. Some will decide to stay in the lane they are in, because they already have 20 minutes of sunk cost spent waiting in that line. Moving lines would, to them, mean wasting 20 minutes for nothing. Better to wait in the original line and make that 20 minutes mean something ... the sunk cost fallacy.
It's a fallacy because that 20 minutes is dead. It is in the past, and like everything in the past, it is of no use to you. Twenty minutes in line? Twenty years of marriage? Useless, meaningless shit when it comes to the value of future success, happiness, whatever.
What's going on with CNNA is even worse. In their case, let's use the above example but add some variables. Let's say our line waiter has a young child out in the car who is having a screaming fit because she is both hungry and thirsty. The line waiter only has $5.00 cash, so is waiting in this particular line because he has to use credit. Each item he is buying - one widget of food, one widget of water - is $5.00 each. The longer he has to wait in line, the more pissed off and bitchy the baby gets.
So he is just forced to wait in the long line, right? Well, yes & no.
The thinking man may ask a kindly-looking member of the short line to buy for him one of his items (likely the water, because), with the five dollars he gives her and asks her to run it out to his baby-momma in the car to shut the fucking kid up. Then our line waiter can continue his wait to fulfill the other, more time-consuming need.
So, the moral of the story ... management could - to the best of our knowledge - be two-tracking this process. Any info gathered to fulfill SEC reporting/Form 10 side can be used to fulfill the alternative reporting/OTCIQ side as well ... with minor specifics to each track aside. Even if two-tracking is cumbersome in some way, the OTCIQ route is much quicker.
Frankly, and I believe I've stated this before, I don't have a lot of faith in management's creative, organizational, or decision-making abilities. For example, the last Spaces event was a textbook example of organizational failure. I suppose, if I thought about it long enough, I could come up with examples of how it could have organizationally failed worse, but it would take a minute.
We could have - to the best of my knowledge - been PC looong ago. A decision was made to go another way. Why?
I'm no business genius. Polk holes. What am I missing? What is gained from NOT two-tracking or putting all initial resources into regaining PC status by any means? Why would someone who IS a business genius focus solely on the 1-2 year fix rather than the 1-2 month fix.
Sorry so long. I like examples.
Squirrely_McShitty
1週前
Hey man, if you get this at any point, peace out. Your voice will be missed. Not sure what you got in at, but if you're outty, $$0.0055ish ain't a bad place to hop off. Best of luck & hopefully I'll run into you again. Don't be too proud to pop you're head up back here if you change your mind.
I can dig your frustration. It ain't gonna be no overnight bingo, even from this far along.
Peace.