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Re: Garyst post# 17655

Tuesday, 09/27/2016 11:58:56 AM

Tuesday, September 27, 2016 11:58:56 AM

Post# of 106828
Quote LOL, "150% off LOD. Buyers certainly stepped in!"

Gotta understand how "toxic", convertible debt "works". They always let it "recover" just like this. Makes no difference in the long run.

It's still highly likely that this is now a SUB ONE CENT STOCK from here going forward- they, the convertible debt "boys" just set the new range...like they always do. Again, pull up a 6 month, a 1 yr and a 2 or 3 yr chart...all there, plain as day to see.

Here's who USRM's largest toxic debt holder is now, as of the most recent SEC filed 10-Q, read up on the dude, it's quite a "story":

http://www.bloomberg.com/news/articles/2015-03-12/josh-sason-made-millions-from-penny-stock-financing

https://www.bloomberg.com/view/articles/2015-03-12/death-spiral-convertible-financier-has-a-lot-of-fun

What just happened was they (Likely Magna IMO, or it could be Daniel James or Fourth Man, the other two "toxic" convertible debt note holders) they set the new low, and that's how they get their shares priced per the toxic debt, floorless conversion formula.

Magna for example, gets a 40% discount to ANY recent low, made "X" number of days before they request shares-for-debt from USRM.

So look at what just happened. Magna's now gonna get a butt load of shares they can sell to bury this thing like a shovel ready project- convertible debt "death spirals" always go down in stair-step like patterns (the SEC calls um "ratchets")

.004 X .60 (Magna's discount) = .0024 per share that Manga will get their next load of shares at.

That means Magna, for example, can sell n dump MILLIONS of shares at say .005 or .0075 and being DOUBLING THEIR MONEY.

This is just their first big "leg down" of getting serious about converting the $263K they were owed as of the last filed 10-Q. ALWAYS done this way if one looks at a 2 or 3 yr chart.

How can one spin a 50% or more loss, a sell-off in a literal blink, how can one possibly spin that as some sort of "positive", especially when there's floorless convertible debt behind it and also, this company is facing a major lawsuit now, one where the opposing attorney is about to go before a court and label the company "INSOLVENT" and ask for the court to step-in, take over running the company as a "RECEIVERSHIP" and who knows where it's gonna go from there....potentially down the road to the S. Florida BK COURT DIVISION... a very real possibility IMO.

It's a BAD day anyway one wants to slice it when the shares just went SUB ONE CENT...AGAIN...after a 1-for-1000 REVERSE SPLIT that occurred only approx 10 freaking short months ago. 10 MONTHS AGO they 1-for-1000 reverse split this POS, and it's lost 99% of the value again since then. It was trading at several $DOLLARS PER SHARE in NOV 2015 because of that massive 1-for-1000 reverse split, and now it just went SUB ONE CENT...AGAIN....just as it was before they did that split.

It's a mass train wreck with a bad car crash tossed in, and maybe a house burned down next to the crash site too. That's what it looks like to me...

Posts are only my amateur opinions, personal views and thoughts. They are not any type of investment advice. Do one's own due diligence.