Saturday, February 21, 2015 5:57:21 PM
Read the Form 10Q and the footnotes, including the subsequent review footnote.
The number of shares of common stock that are outstanding in the hands of the public shareholders has been diluted to a mere fraction of the total number of shares outstanding.
Had it not been for an increase in common shares issued by Sir Steve converting some of his well deserved convertible preferred and shares issued on the conversion of debt, the number of shares of common held by the "public" is a mere fraction.
Couple this with a price of .0005 or .0006, how many shares would one need to hold to even make it worthwhile selling. Lets assume you wanted say $500 to go to an airport and watch IMTV, drink a Reids Soda, the official soda of IMTV and fly to Vegas, you would need to own 1,000,000 shares of common stock, or some 300,000,000 shares before the last split.
Thus, not only is there no demand, but the only significant supply are the shares owned by the toxic financiers who swears to God that he has not sold one share.
Accordingly, any further reverse split will make this a company for the toxic financiers and his majesty to play with, as there will be few if any individuals owning stock of this enterprise whose balance sheet is 98% prepaid expenses.
Good luck to all and especially to any entity who desires to merge with this master of wall street and the art of the exotic, erotic, esoteric and enigmatic toxic financing with the king of same the beloved Curt Kramer and his band of merry men.
Always remember meadow2009 does not recommend you buy or sell this or any other stock.
Cheerio
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