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Re: 2014shelby post# 7076

Sunday, 03/13/2016 5:22:55 PM

Sunday, March 13, 2016 5:22:55 PM

Post# of 7147
As mentioned there is prior convertible debt owed of about 1 million dollars give or take and at the very least one creditor litigating a law suit against the company and the good dr personally for defaulting on a loan contract in the Florida system.The company under the good dr has reverse split and then massive diluted to 0001 twice already.Great job.Now given the company has no marketable product,no office,no employee's and defaulted debt?The only leverage able source to pay down debt, pay off law suits or raise capital is the common stock causing massive dilution.But what kind of banker would invest good money with a ceo who has a track record like the good dr and all of the above facts?A dilution king maybe. Of course if the good dr was able to raise capital on top of those prior convertible notes outstanding and litigation?Obviously only three things will occur he will burn cash,get nothing accomplished and dilute another group of people.The question then remains,what happened to the money that was raised?

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