.002 ANOTHER RECORD ALL TIME LOW TODAY !
Yepper, it just tagged ANOTHER new ALL, ALL, ALL TIME LOW. It's making a new low like every few days, maybe every week now at the longest intervals.
.002 = .000002 split corrected for the Nov 2015 massive 1-for-1000 reverse split.
On Sept 1st, 2016, about ONE MONTH and 21 SHORT DAYS AGO, this POS was trading for .02, aka 2 CENTS A SHARE. Today it just tagged .002, losses that are just STAGGERING, MIND BOGGLING TO ME.
.02 - .002 / .02 = 0.90 X 100 = 90% LOSSES in less than 2 SHORT MONTHS.
Even if the O/S shares have massively been diluted, aka ballooned to say 30 MILLION outstanding shares (which appears to be the case per the latest SEC 13G filing by one of USRM's toxic lenders), that would mean a collapsed market cap today of:
30 million X .002 = $60K LOUSY BUCKS
$60K lousy bucks TOTAL "VALUE" (cue laugh track) being assigned to "the company" (the 4 full time and one part time employee in the rented suite in Florida, per the last filed SEC 10-Q) a total market cap "value" of $60K big ones, LOL!! Not even the price of a new, mid range BMW or Lexus or similar. Not even a down payment on an average tract home in most major metro areas across this country.
AS the Northstar Biotech LLC lawsuit states/asks, "WHY IS THIS STILL A PUBLIC TRADED COMPANY" at this point? It really makes no sense to me and obviously to others? I'd guess that Miguel pays more in LAW FIRM RETAINER FEES PER YEAR NOW, than the entire market cap of this failing mess. Add in what Northstar says are "VERY HIGH ACCOUNTING/COMPLIANCE" costs to remain public traded, and it's gotta be WAY, WAY, WAY more than a lousy $60K market cap IMO.
I guess the only reason to stay "public" is the never ending ability to use the toxic lenders to sell never ending dump trucks full of toilet paper shares, diluting out to infinity (split corrected now at approx 30 BILLION SHARES ISSUED, which is like the Big Macs sold number)...I guess if Miguel lost the OTC market... he'd lose the ability to use convertible debt toxic lenders to "feed the machine" a never ending pile of cash flowing in...and that would pretty much end it all right there...seems to me.
No share dumping, no more toxic debt deals- and it seems like it would be no more USRM IMO. Pretty simple 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.
