Thursday, October 08, 2015 10:57:41 AM
How can they possibly build shareholder value doing these low margin deals in South America? Without the reverse split there would be 2+ billion shares outstanding already and no growth to show for. It smells like a pump and dump to the core
... and people cant purely blame the Quilliams for this mess since the current CEO was signing off on these deals and getting chunks of shares as well, without achieving anything.
Also PP was involved with SFMI since inception. Instead of walking away in disgust over what was happening, he got more involved with the Qs, in both companies and started carving out a nice slice of the pump and dump pie for himself.
Then consider the hyped-up claims PP made in PRs 4 months ago and the lack of followthrough, how could anyone trust these guys?!... They just gave themselves another $1,000,000+ in free preferred shares, for what? Did they not give themselves enough shares from the previous handouts? Investors cant win when the remaining value this ticker has goes to insiders, before they even accomplish anything... I said the same about SFMI, remember? Before it lost 99% of its value
How does a company get involved with banking/finance without any cash???... I dont see it happening and imo all their actions so far, along with hiring RK, is the tell-tale sign that the real money will be made from dumping stock, just like SFMI.
My postings contain many opinions. So please do your own research
and validation.
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