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Friday, December 09, 2016 1:42:32 PM
Provided ARYC is even still alive, expect a reverse stock split that wipes out common stock soon after the get current on SEC filings ------ IF EVER actually getting current.
Three execs own all the Series C preferred and issue themselves more at their hearts desire.
Series C converts at 360:1 and currently means some 600,000,000 common shares on top of the 2.5 billion........
They may have already issued themselves a ton more Series C: but even if not, they will be sooner than later.
The Series C doesn't get adjusted in a reverse split so they can do a reverse split and go from 20% ownership to 99% with the stroke of a pen........
That then sets them up to go on another TOXIC DEBT ISSUANCE BINGE that could go to O/S shares of 10 BILLION or more....
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