Wednesday, June 29, 2016 6:46:42 PM
Simlatus jumps in on March 9, 2016. Cleans up the Cap Table with massive issuances of 4.6B shares. Reverse Split's the stock down to 4.5M shares. I can only assume the 10Q ending 6-30-2016 will be less pages ? lol All of the noteholders have been tossed off the playing field, except Direct Capital. I hope management will lock-up those notes through an ELOC agreement with a less toxic player.
A share buy-back or Dividend Program is plausible. I can't find any dirt on Chairman Stillwaugh.....He stated the share buy-back and dividends.
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