Imho.. By the looks of it, Basu reputation is as bad as her ticker.
Now , why would anyone give her 5 million dollars??
I see no volume, so everyone here is stuck with there shares.(not me just dropped by)
Most likely, there's going to be a battle for shares after the R/S. investors will look to lower share prices.
Since there's no volume there'll be no resistance, making prices drop 50% after the R/S until dilution for the debt begins.
If she was selling the ticker , I can see 5 million being paid for it, but it's a loan, what the hell did she stumble over?? Imho.... why would anyone give Basu money?? I wouldn't give her .0001 cents.
7 billion shares, divided by 1,000 would leave 7 million shares.. a lot of room for dilution. She would need to sell 250 million shares at .02 to make the 5 million loan... she can't sell a free ice cream on a hot day..
After reverse split each share will be worth .10 cents. But I don't think it'll ever hold, even though they'll only be 7 million shares left. It'll only be worth 700k .
I'm lost. I'm sorry , I can't make sense of what's going on. Any advices ??
Is she looking to sell this ticker???
IMHO. My posts are my opinion, nothing else.
The Problem: FAILURE by a CEO in PENNYLAND, is not only an Acceptable Practice, it REWARDS a CEO... It's much EASIER for CEO to make money selling Company shares, than Build a Company.