Tuesday, November 28, 2017 3:31:13 PM
Berge has his largest note with a rather friendly holder. The note holder does not convert in large portions but rather in small, less restrictive amounts. Normally no more that 15k at a time. If you do the math it is going to take years to convert that note at that pace, hence, NO REVERSE SPLIT. That note has on more than 1 occasion been in negotiation for a settlement, at one point I believe they were discussing inventory in exchange for the balance but somewhere in the legal process that was shut down. I don't believe FINRA would have allowed that anyway.
claims about this reverse split do not have any proof or substance to show it, the numbers don't even add up to justify the thought of it yet it has been posted here no less than 20 times. THERE WILL BE NO REVERSE SPLIT.
There have been efforts to claim that the CEO hid convertible notes, that was proven to be a lie. There were attempts to claim that the CEO hid the conversions of these notes, that was proven to be a lie. There were claims that the inventory was all bogus and didn't exist, that was proven to be a lie. There were claims that the IRS were investigating the CEO, that was proven to be a lie. The second to last claim was that the CEO committed fraud in the sale of a minority investment in another company, that was proven to be a lie. This bogus claim that there will be an RS will also be proven to be nothing but a lie. It is nothing but a desperate attempt to try to smear the CEO and this company because in 2014 a reverse split took place.
This is 2017. The company is not in the same financial situation it was in 2014 and 2015. That downward spiral is in the past. I was here back then when things were good, and I was here when things were going bad, I sold and left. The reverse split happened and Berge changed the direction of this place completely. He went from trying to fly with every transaction to learning to crawl, now walk and soon he will have this company up and running.
Believe me, I would not be back here if I thought there was any indication of this staying at no bid. There is a reason folks came back and there is a reason folks are watching. Stay tuned, you will see that I am right. OTC stocks don't have this setup that Berge has. Store, sales, inventory, revenue stream, growth potential. It isn't a mistake this time. The store is actually working and I would not be surprised to see a second store, or possibly a better location and larger store coming here.
All of this is of course my opinion and my method of gambling on OTC stocks so don't take any of it as advice for how to throw away your own money.
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