Thursday, October 23, 2014 11:23:57 AM
This person also was said to ask why management continues to load the company with so much debt mainly for themselves, instead of waiting til the company starts to show increased profits as well as free sign-ups. Doing that required toxic financing and they didn't even have the foresight to get these financiers not to dump their shares for a fixed period often a year. So they dumped right away it would seem. Anyway they're being blamed for the stock tanking.
Did you express concerns about the previous R/S in April? Did you ask why they found it necessary to also increase the A/S to 20BIL -- however as they haven't used it yet we have hope these guys just like to get FINRA approval for any eventuality which may not become necessary.
As I noted PPS did top a penny Oct. 2nd, and it only needed to do that one day within prev. 30 days to get de-listed, numbers on their 8-K don't add up. Meanwhile we're seeing strong bids and allegedly a float still so low this can fly in a day or two.
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