Monday, December 22, 2014 12:48:37 PM
All there is are the usual non-committal BS from a CEO trying desperately to keep interest in the company. There is nothing "promised" by this CEO that hasn't been broken.
He said at the end of 2013 that he was aggressively pursuing better financing only to add $2 million to the toxic debt in 2014!!!
He said he was current on all tax obligations in mid-January only to have a tax lien placed on the company for over $1 million in unpaid payroll taxes two weeks later!!!
He said no dilution into 1 billion AS, yet diluted over 100,000,000 shares in the past two months 2 months with 30,000,000 in a single week!!!
He said share buyback at .015 to protect shareholder value, but didn't buy a single share until the stock dipped below .002...almost 90% less!!!
As for the debt owed still....ROTFLMAO!!!!
I challenge anyone to come up with $2.5 million outstanding toxic notes by publicly released numbers. But do so with the understanding that I will smear it with PR's and SEC reports that show quite plainly how there is AT LEAST $2.8 million in outstanding toxic debt, $1 million in delinquent taxes owed, less and less able to be paid with the declining pps, there is not enough cash reserves for any kind of effective buyback strategy, and I will show how the 1 billion AS is no longer able to cover the debt.
Go ahead...
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