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Re: specutator post# 104767

Sunday, 03/01/2015 2:34:08 PM

Sunday, March 01, 2015 2:34:08 PM

Post# of 123646
No one is arguing the fact that MRIB has not announced a reverse split. The problem is that the lack of an announcement does not address the point of the discussion which is what is MRIB going to do about their stock structure problem? I keep hearing no reverse split... no announcement. That doesn't mean it's not being considered or planned based on the situation. What I have not heard from those yelling no announcement, no reverse split is what alternatives MRIB has to address the problem. How about giving us some alternative options or strategies MRIB has to stay alive? Saying the problem doesn't exist because there's been no announcement is like saying one is not pregnant until the baby pops out.

Spec, there are six months of back expenses and debt that have been paid for and the only source of revenue for that period was convertible debt. We know that for a fact because those numbers have already been reported by MRIB. They're on the books and in past financials. Again, just factual information. The stock problem is real. You keep saying no announcement of reverse split. That's fine. I agree. But please do tell us how MRIB is going to deal with the problem of being maxed out fully diluted by those expenditures already on the books?