Thursday, December 01, 2016 2:16:57 PM
Hyperdilution for a penny stock is the same as hyperinflation of a currency.
What's happening to Venezuela in a sense is what's happening to $TXHD. End result is worthless and bankruptcy.
Tweet from TXHD management on 11/07/2016 concerning toxic debt:
"...Textmunication Holdings, Inc. previously took out several loans from various lenders that were memorialized with Convertible Promissory Notes that have since come due (see TXHD filings & disclosures). Unfortunately several of the lenders have decided to convert their debt into shares and unfortunately are selling their stock without any regard for the impact it is having on the TXHD stock price or the investors. This sale of stock is what has caused the rapid decline in the TXHD share price over the past few weeks. TXHD is not promoting the stock and none of the officers or control people of the Company have sold any shares during this time period.
The Good news is that by the first quarter of 2017 Textmunication will be free of all "toxic debt" and therefore will not have constant selling pressure on the stock. Furthermore, the private side of the TXHD is growing exponentially and revenues have substantially increased over the past two years and are projected to increase even further in 2017. The stock will probably look very ugly while these toxic lenders are selling their shares, but you can be certain that myself and the Company as a whole will do what is best for the Company, the stock, and its shareholders. Textmunication will provide updates to shareholders regarding the steps that will be taken to rectify this current situation. ..."
https://twitter.com/search?src=typd&q=%24txhd
The paradox of iHub: buy high, sell low
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