Monday, November 24, 2014 1:25:25 AM
Neom will NOT promote the company or the stock until such time as the debt has been repaid in full...period. YA will not cease dilution until either the debt has been repaid in full, or until they have converted 100% of the debentures...period.
Currently, the debt stands at approximately $40 Million. If YA were to convert 100% of the debentures, it would equate to approximately 400 BILLION shares of dilution...400 BILLION shares!!
Given the current A/S of 7.5 BILLION shares, I will let you take a run at calculating the number of reverse splits necessary to convert those debentures...and as Vero has stated previously, the 400 BILLION shares does not take into account all aspects of the conversions.
YA will dilute (convert their debentures) as rapidly as demand will allow, therefore, the pps will NOT rise!! This has been demonstrated time and time again, and you are able to view FIRM evidence of this in the chart.
In addition, the O/S increased from 330 million shares to 3.4 BILLION shares within a span of approximately 5 (FIVE) months, due strictly to YA's dilution. I ask that you PLEASE refrain from coaching newbies into acquiring shares!
Why pull them to your (and all of our) misery? Yes, misery enjoys a healthy dose of company, however, far too many of us have been slaughtered and dilution has advanced much more rapidly with each successive r/s.
All of the above...as always, JMO.
Best,
BC
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