Saturday, May 20, 2017 10:43:36 AM
If it's a shitty 10-Q not followed by a rock solid press release, there will be a huge selloff. They know what we want/need to see in a press release, if they avoid those events, it'll just fuel a selloff. We need details on that SPA with Lucky, where the 1,000 units are, actual numbers on units that actually work and are actually generating revenues, number of franchises leasing devices, number of installation locations still on board, etc... a full operations update w/o all the stinking shit Wainer is coming across as being full of.
Also have a feeling there was a blow out with the CFO. Then the Wainers had the balls to file there was no disagreement. They're giving Summers an opportunity to disclose to us what really happened or he can puss out and agree with what they put in the 8-K. But we all know through the last financial filing he was screwed and we all know he has firsthand info on what was really going on behind the curtain including him keeping his mouth shut when there was a product recall and the company withheld that info from us. As CFO, he had access to release news and speak up but he chose to keep quiet about the recall, I for one have not forgotten that.
I really hope he files an honest 8-K and doesn't back out like a little bitch. I just have a feeling he's seen too much and decided to run. I didn't read him like that at first but giving the circumstances, he might actually just be a coward.
I suggest he thinks this through really hard being he may be the only link we have to some truth being exposed. Between the few of us that post here and a couple people I know that don't but are vested here, I think it's safe to say a few of us have the cash to hire a good attorney if this ship sinks and I assure you, Summers will be on the top of the list of people to be investigated.
Fact is (and I'm not trying to be negative) we have roughly 19 million shares of the 21 million outstanding that have passed restriction periods and now Wainer has control through his preferred placement. Big shareholders could convert their entire positions on the market and Wainer still controls the company. What's screwed up is the company still has their transfer agent gagged and being a DE company, they can increase the authorized share count to a billion shares and we'd never know until they disclose it in a quarterly report.
Once again not trying to be negative just pointing out facts, but I believe I have enough experience in the pink sheets to say we have red flags blowing off left and right here.
I'm a non-professional individual investor who may own, not own, buy, or sell stock at any given time in any security ever mentioned in posts. I never accept compensation in any form to post. Always consult an investment professional when investing.
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