It appears SNRS wasn't just busy writing up some bogus $.005 offer press release this morning, they have also raised their authorized shares by another 4 billion today. Ironic how they can press release a bogus buyout but can't tell their shareholders there are another 4 billion shares hitting the market.
The company is now active at the Secretary of State, something they weren't a week ago. I guess if you want to raise your authorized shares by 4 billion, you don't mind paying your bills. Or maybe the recent bevy of purported buyout press has been a financial goldmine for the company. No sense stopping at selling 14 billion shares. Raise it to 18 billion, and if that doesn't get the bid wiped out, raise it to 25 billion.
I seriously doubt there will be that many suckers to dump the new shares to, but you never know. Odds are there will be a few left clinging to the sides of the ship before it makes one final plunge into the water. That's just the way it works.
Does anyone besides me find it odd that the company would be raising its authorized shares at the same time someone is supposedly willing to buy out all the outstanding shares? How is the buyer going to know how much to pay if the amount of shares he has to buy keeps increasing? Cmon, this is getting all too funny.
If the company has an offer to buy all the outstanding shares of stock, what good would it do to raise the authorized shares by 4 billion? Hmmmmmm, unless there was no real buyout offer and instead the company was utilizing these obviously misleading press releases to dump stock at any price.
If these press releases were indeed bona-fine would this stock still be trading at $.0001-$.0002? Like I've said before, these are penny stocks, there is nothing wrong with trading these press releases. Heck if the SEC allows this kind of stuff it must be legal right??? Right??.... Just don't get caught on the wrong end of the trade.
With the increase to 18 billion shares SNRS might just have a few more days before the stock goes bidless again. And at that point this supposed buyer can have all the shares he wants for $.0001.
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The SEC was swift in jumping on ACLH for possible misleading press releases. When should we expect the same with SNRS and THRR? Blows me away how companies can do this sort of thing time and again with no consequences. How can a co. say we have an offer to buy all our OS, and at the same time be printing more shares like a mad man, and the sec doesnt look into it? I dont get it.
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