ERF Wireless, Inc. (ERFB)

[ars_2014]

Yes, Cubley & Angus trust own majority of the preferred stock but it's pretty much worthless, if they do anything, they will have to buyout the common stockholders.

My take right now is that he's TOAST: read my other post and do the math, he needs a .001475 price to pay off current debt, not including interest being added onto the current debt every month.

Cubley claimed he needs less than 4 billion shares to pay this off...well, look at current price of the stock...LOL...how is he going to bring the stock price to a range where he can pay off the loan?? and the other 4 billion shares he will need to borrow more money to run his shell company, we already know as of today, he doesn't even have the funds to finish the quarterly....LOL.....he needs a loan.

NO SANE TOXIC LENDER is going to lend at these prices where there's NO REAL BUYER...toxic lenders need volume and sucker buyers, then they would lend knowing they can exit the shares issued.

All in all, he's TOAST at these current prices....if the stock goes up, I mean up in the price range .005 to .01, then he is saved and they can get out of this mess but hell would have to freeze before we see this.....JMHO!!

hope you're doing well.

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