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Wednesday, February 22, 2017 5:26:34 PM
""Isn't it a good thing that FBEC would not be allowed to Reverse Split?""
Good for humanity? Yes, LOL
but seriously, think about that question in terms of the last 8k
https://www.sec.gov/Archives/edgar/data/1311735/000168316817000366/0001683168-17-000366-index.htm
Look at all of those lenders. Each of them fully aware that this is a oneshot, one way ticket. Which of them wants to be the one still dancing when the music stops? Or more plainly, which one wants to be the one whose note is not fully converted when this gets pinned at .0001 ???
Normally, lenders don't care about R/S. It doesn't affect them. Sometimes it helps as it makes the stock a bit more liquid for a time. Each draw gets priced at the current prices regardless of how many R/S take place.
When this one gets pinned at .0001 and the R/S is denied, there will be no more conversions. No more trading. Game over.
Why do I care about the lenders (this is me anticipating the followup)
Because this is why the stock is being sold so outrageously hard right now. It's why so many newly issued shares are making it into the market. None of the lenders is willing to be last in line,. No one cares about marking things up. Not bidwhacking. Shares are sold as quickly as humanly possible. Shares are being converted as quickly as humanly possible.
And everyone knows the Kramers spend a lot of time suing their clients when they don't comply.
Fun to watch
#1). You have money. Other people want it. All of it!
#2). You want easy money. So does everybody else. They'll get it, too....yours! (and all of it!)
#3). You tell yourself you're smart. You won't lose your money. Fact: Other people are smarter,
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