Friday, October 31, 2014 8:19:52 PM
Ok. Once again for anyone who wants the truth. There were shares issued for financing purposes in March 2014 as stated in the financials released in June. There were also debts paid with new shares both before and after January 2014 and we don't know when they were incurred or the terms but the fact is that they were financed after January 2014 with new shares thus diluting shareholders for at best previously unreported debts incurred. No transparency here and the above quote is entirely false and misleading.
When the debt was entered into is not only unimportant and a rationalization but the fact that it was unreported as a previous obligation to be fulfilled with dilutive new shares makes it twice as bad.
Let's compound it all with a 5% overall one fell swoop dilution in March 2014 with a dividend in which insiders, management and lenders got a huge payday at the shareholders expense while they were hoodwinked into enjoying the reaming thinking the crumbs they were getting were something special. No dilution is the biggest lie going here. The dilution is MASSIVE and a lot more is coming very soon.
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