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RFB

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Alias Born 07/07/2011

RFB

Re: sparky99 post# 2707

Tuesday, 11/14/2017 8:16:38 AM

Tuesday, November 14, 2017 8:16:38 AM

Post# of 3705
This has been my point on this company from the day it ran over 50% and has always been my largest concern. They have a ton of warrants and those have to be cleared if folks truly want it to run (and maintain value) on positive news. These warrants are toxic to retail investors and destroy any runs as the owners will perpetually convert and dump into the market. I fully understand they were needed to keep open operations and MAY pay off in the end, that being said, they are none the less present and will continue to blunt any moves north. This management team is/are EXPERTS on toxic debt. Look at how far back these warrants go and when you go all the way out to H and J on warrants, it only speaks to the number of times they have diluted with such toxic instruments. In the end, will it appreciate and clear these toxic instruments....only time will tell. They have a compeling story going with the current licensening deals and will have to continue to build on this story, including a license deal in Europe. When it is all said the management team has to learn to operate outside debt and find a managable burn rate that does not destroy retail shareholder value...will they do this...only time will tell. Past actions do not speak fondly of the likely future actions. Unfortunate...

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