Nice day today
As expected, the pps continues to rise on small volume. Shares are short, and sellers are few.
For those of us who have been invested in the FLCR for a long time, we were relieved to see AJW dump their final 3M+ shares over the past three weeks. Those shares were like a hammer always waiting to fall. The pps plummeted from .05 to .0004 in just a matter of a few days, a 90% drop. While the drop seemed devastating to some, it was much better for those shares to be dumped right now--during a period of calm--than for them to be dumped after the S1 is approved by the SEC. We were able to soak up shares that were held in dangerous hands and place them in strong hands. In the process, many of us were able to reduce the average pps of our holdings and we eliminated a potentially bad situation.
For those new to FLCR, the 3M+ shares dumped in late November and the resulting pps drop may seem scary, and I certainly understand. Many bb stocks dilute the value of their company by printing additional shares and dumping them into the market. That is not what happened here. For those who are interested, please check the OS figures and you will see that the OS has actually dropped over the past two years--amazing for a bb stock. Call the transfer agent to confirm up-to-date figures. No dilution here.
FLCR is a low-float stock, so small volume will move the pps quickly--both up and down. Until the SEC approves the S1 and the business plan is funded, we can expect to see the pps continue to creep up to around .05. After the S1 is approved, I expect the pps to move up pretty quickly to .10. From there, everything hinges on the implementation and success of the new business plan.
Have a good day all!
Jim