Problem is that no matter how many new downloads and growth in numbers (numbers of downloads doesn't necessarily mean growth in revenue if they're free or not renewed remember), the Bros. Rositano, Robert and Dean and to a somewhat lesser degree a few of their their fellow management and wives, have top-loaded the company with so much debt for their own salaries and interest paid (to themselves again, as principals and BOD of another company) for purchase for the software, that they had to rely on toxic financing to get them through the last 6 months. The toxic financiers then dumped the stock b/c of their preferable rates: they didn't even wait for it to go up as some of us had counted on. (Remember these 2 are paying themselves $250K/year each with 10% raises every six mos., and there are several other 6-figure exex also...plus they get bonuses for #'s of downloads regardless if free or paid.)
From the 8K as to their surmising what happened here:
"...due to the conversion of previously issued convertible notes into the Company’s common stock and the sale of such common stock, the closing bid price of the Company’s common stock has fallen below $0.01 for 30 consecutive calendar days from September 11, 2014."
IMO Rositanos should just accept Pink status until they can get PPS back to QB min's naturally, instead of an R/S -- many other co's have chosen that alternative.
