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Re: nobody12378 post# 43451

Monday, 02/20/2017 5:58:02 PM

Monday, February 20, 2017 5:58:02 PM

Post# of 52837
There still a huge backlog of convertible debt on GERS books (which is the key reason for which a R/S has been announced).


67 BILLION shares to be issued !!!!!

Not counting all the money to be repaid to TCA Global and also the 15% of all future revenues promised to YA Global.

By the by, your notion "80% of the float belongs to K.K., so the actual float is very small" is flawed.
K.K.'s control is tru Series G Preferred shares, not thru common shares ownership.
So there's no direct impact on the float in any way.

So the company has 1.285 Billion shares outstanding, and still 67 Billion shares to be issued....
No wonder a R/S (on top of all the other GERS Reverse Splits) can happen any day now.