mPhase Technologies Inc (XDSL)

[drkazmd65]

I don't know if this company is 'The' biggest joke company out there,.... easily top 10 though.

Particularly galling IMO because IF the company had wanted to go forward and make something of the technology, and potentially generate something neat & innovative (& lucrative) they probably could have done so at one point.

We have long since passed that tipping point where bringing any value back to shareholders is possible.

The best course of action for the company (note - not the execs who have made plenty of bank over the years for themselves selling tons of shares) if they want to make any significant revenue would be to declare Bankruptcy, zero-out equity shareholders, liquidate, and sell the few patents with some worth to another company.

BUT - obviously, that would leave shareholders out in the cold, holdng their billions of worthless shares, and in the meantime woud dry up the share-selling line of revenue for those holding our convertable notes.

So - for now anyway - the charade here goes on.