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Sunday, May 24, 2015 7:01:40 PM
No insiders paid cash for shares
From the most recent 10Q. As you can clearly see, Zero cash on the books. But look at the liabilities. $2.3 million owed to insidersas of the end of last quarter.
No cash to pay those bills. MOst of that debt, as you can see, was also on the books at this time last year. These guys have been waiting a long time to get paid. They seem to have a sudden urge to hold shares instead of debt. Why? Because the stock is saleable and the debt has no chance of being repaid.
Remember the lawyers quitting? Remember the other lawyers taking MMRF to arbitration? Remember the lenders suing MMRF?
These are the things that occur right before a bankruptcy. (( click image to enlarge))
http://www.sec.gov/Archives/edgar/data/1285701/000113626115000133/form10q.htm
From the most recent 10Q. As you can clearly see, Zero cash on the books. But look at the liabilities. $2.3 million owed to insidersas of the end of last quarter.
No cash to pay those bills. MOst of that debt, as you can see, was also on the books at this time last year. These guys have been waiting a long time to get paid. They seem to have a sudden urge to hold shares instead of debt. Why? Because the stock is saleable and the debt has no chance of being repaid.
Remember the lawyers quitting? Remember the other lawyers taking MMRF to arbitration? Remember the lenders suing MMRF?
These are the things that occur right before a bankruptcy. (( click image to enlarge))
http://www.sec.gov/Archives/edgar/data/1285701/000113626115000133/form10q.htm
#1). You have money. Other people want it. All of it!
#2). You want easy money. So does everybody else. They'll get it, too....yours! (and all of it!)
#3). You tell yourself you're smart. You won't lose your money. Fact: Other people are smarter,
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