Too Bad
The Fourth Quarter Will Not Be Good
Just like the Third Quarter missed expectations by a lot, with a declining EPS to negative ($0.08), the Fourth Quarter will not show any anticipated improvement as well. What happened to the revenues? Where'd they go? Again, nothing seems to ever add up to the abuse of those many touted "Forward-Looking Statements".
Hope Is A Four Letter Word
Beware of those that still hang-on for hope that the pump-n-dump scheme will retain some traction. Hoping for that next pr. Hoping for that next collaboration. Hoping for more "Forward-Looking Statements" to trick others out of their money, as to get back what was taken.
What They Learn To Do
All of these CEO's go to the same loser CEO schools. And all of their attorneys follow the same play book. It's my opinion, through research, DD, and years of experience... that clever money-making "hush-hush" dilution is the ultimate Name-Of-The-Game here.
How Did It Start
In June of 2010, after the name change and before their public offering, they had 37,682,681 Outstanding Shares. In late Sept of 2010 the initial public offering was for 5,300,000 shares at $16.00 per share. The OS was then 42,982,681 shares. During the following 3 months the pps doubled, climbing to almost $33.00. A year and a half later, by May 2012, it had progressively sunk down to $1.57 and has fluctuated sideways & down ever since.
I wonder who the lucky ones were that sold and went short on that !
At that time the OS had only increased to about 46,000,000. And the AS (Authorized Shares) was only 100,000,000. But by Jan 2016 the OS had jumped about 500% to 220,000,000 shares. And the AS had jumped about 400% to 400,000,000 shares.
Setting Up For The Split
With more loans & notes and warrants that even date waaay back to 2010, plus all the dilution and possibly more ATM dilution, and then the results of bad "give-away" deals . . . since the 2nd Qtr of 2016 I estimate the current OS to now be diluted "up to" around 320,000,000 shares, from about 220,000,000 last Jan. The most recent unreliable and out-of-date stats suggest the OS is already up to about 274,000,000 .
All-In-All... it's a perfect set-up for a 1-for-20 reverse split.
Now, I know that my estimated range of 320,000,000 shares in the OS is INCREDIBLY HUGE. And it would probably send the pps down to Zero. But an increase of any percentage of that would still be considered HUGE. And it would disprove the prevalent notion that there has been no additional dilution or insider selling.
It's pretty scary, when you weigh out all of the propaganda against the things that were just blatantly ignored. And all that organized ignorance just opened the door for mass dilution and insider selling, as all the grand projections did not, and will not, become realized. After a pump like that, they better have some solid numbers. Because if they just try to pump it again... it will destroy them. The writing is on the wall.
WATCH OUT
Because, just when you think it can't get any worse... it does.
The current pps is too high when compared to the risk from promoted misinformation. And how these events have been combined with bad collaborations, warrants, notes, increased debt, and along with the continued unexpected surprises of dilution and insider selling.
Just My Opinion
AI
