Wednesday, May 11, 2016 4:36:57 PM
The more DD I do on this company, its management team and the ongoing activities, or more accurately, the lack there of, makes me want to turn, run like hell and not look back. They are appointing more board members, hence more dilution to current as they have no money to pay them with and if I did not know better looks like an operation to pay off a few close friends and associates at the expense of unsuspecting retail.
Will keep digging around and likely going to refer the cast onto FINRA/SEC to take a better look at these folks. Something here just smells all wrong to me.
500M A/S
200M Shares outstanding
7+ Million Float
This screams we are paying off folks with shares and at some point they will enter the float/dilute the common. When they do, you will quickly see a multiple penny security NOSE DIVE/ SCREAM into sub penny territory, hence trapping current holders. This share structure is the epitome of a P&D operation making insiders rich while unsuspecting retail holds the bag. Share structures do not get much uglier than this.... BUYER BEWARE!!!!!
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