Hart said the same thing, one of the main reasons I decided to exit given then chance when we ran close to .01. It was invetible with the need for more financing and the lower share price. Sadly, $250,000 won't last very long, so they will continue to finance at lower and lower conversion prices after the reverse split, and the process will repeat itself over and over This stock has no value for shareholders, it's simply a vehicle for management to raise $ to keep their business afloat as long as they can find someone to finance every 3-6 months.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.