About time for another RS???
Ok, let's help Clay out...
The basic problem is he is too lazy. He throws some goo against the wall with the lame "Angie List" MJ scam angle, and expected anything with MJ would stick. Instead it dribbled down the wall to 0001.
He needs a totally new scam angle, in a brand new area. Something that gives him an excuse for a ticker name change.
That $8K in cash for the last OTC report doesn't look too impressive. He needs to come up with imaginary financing. One scam I'm following, leased California mineral rights for $1K/mo, and promptly claimed they suddenly had $500M in gold resources. Another has the new scammer claiming he heads a fund with $500M to invest. Is it time for Clay to try a rendition of LeRoy Bucks?
Once Clay has a new scam angle ready, and imaginary funding ready, then, and only then do a RS. The sequence would be: R/S, immediately announce a ticker change to be aligned with the new scam angle. Then shortly after that, announce some new financing. It might even impress enough, where he can issue some new debt notes.
Instead we have a lazy Clay, trying to pump a lame scam angle, and the toxic debt notes converting like wild. An O/S of 7B. Just doing a R/S, without a new scam angle, and a new ticker to hide the history, isn't going to doo much.
Maybe Clay has given up? Where he's holding it as a Shell to be sold to another scammer.