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Ole Broke Azz

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Ole Broke Azz

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Re: MJACK post# 3888

Monday, 09/26/2016 7:25:45 PM

Monday, September 26, 2016 7:25:45 PM

Post# of 10029
IMO they will not be cash flow positive and meeting their monthly burn is really the least of their problems.

They have huge floorless convertible debt looming and have already defaulted on what is over a million dollars with a 35% discount to the market for conversions... it is going to get ugly

I don't believe they will shut the doors because they have plenty of ink in the printer for new share issuances but the dilution will kill off any chance for long minded shareholders and scare off any serious investors.

Ole Broke Azz
Buy Bottoms
Stage Buys
Trust No One, me included
Don't ask if I'm selling. If I'm in, I'm always selling & I'm always buying

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