The funny thing is that despite weeks worth of warnings from multiple sources, there are still people clinging to the idea that this will somehow go to $500/share. The more likely scenario is that it will go to $500 market cap.

As mentioned before, we've gone thru dozens of these cryptic posts. Whether it be pics of spacemen, rocket ships, or ambiguous quotes from trite motivational posters, the fact remains none of them have ever been followed up with any significant material event. So I'll say it again, if Dryworld has something to say, they need to quit with the stupid games and just come out and say it. (I'm not holding my breath.)

He will sell. He knows the company is doomed and that the other directors are planning to dump. He wants to be the only guy in the lifeboat.

No point jumping up and down. We've been down this road so many times already and each time it was a dead end. I would love for something big to happen. But Matt and Brian have proven themselves to be BS artists.

Get real. This is losing money and users like there is no tomorrow. The directors have a horrible reputation and track record. Even with the price decline over the last few weeks, it's still trading at 10x the price it should be.

Assuming the owner could find a bank dumb enough to loan him money, the collateral would likely be based on a heavily discounted valuation. Even so, he could walk away with hundreds of millions of dollars. The question then becomes what happens when he invariably defaults?

He's sitting on $2B +/- in shares at the current market price. Of course he's going to dump like there's no tomorrow. The company is worthless outside of its grossly inflated market cap. Pump and Dump.

And there's OTCN back on the Ask. I was wondering how long it before that 20M in dilution would take before hitting the open market.

Don't you believe for a second that he's not going to sell. He's a pathological liar and he's hard up for cash. Not to mention a life-long scam artist.

Another scam. They've likely already issued themselves millions of tokens pre-release and are waiting to unload them on suckers fool enough to buy them at inflated prices. It's the ultimate pump and dump scam with little to no SEC oversight.

Just wait till next week when the flood gates open.

The big money interests saw the debate and realized their efforts to keep this afloat to curry favor is a waste of time. There's no reason to stick around anymore.

Short answer: Nice product line, but shady, evasive, unresponsive and incompetent management.

The SS is deteriorating before our eyes. IBGR is becoming just another diluted stinky pinky. They didn't raise the A/S to 980 million on a whim.

The O/S was 171M just a couple of years ago. It has exploded since then with 19M added just in the last week.

It doesn't look like they actually paid for those shares they own. So it's not like they have actual skin in the game. And I still think they are the mystery consultants being paid $800K a year thru Dryworld Industries.

It is dying. Which is why I keep saying we need to replace all the directors or put the company up for sale. These idiots are too incompetent to make this work. That's been clear for the last 2 or 3 years now.

It is dead. And the directors are selling out as fast as they can. There is nothing rational about this trading at such a grossly over-inflated value. The Spongetech scam is minor league compared to this scam.

Just a suspicion, but I would not be surprised to learn that IBGR is just being used to funnel money into Dryworld Industries for as long as they can and that's where the $800K/yr in "consulting" fees is going.

If they had a new contract, we would have seen a PR already. It's no secret they like to make those kind of PRs even when they are grossly premature.

If they are diluting again, it suggests this quarter is going to suck. This is also about the same time as last year when they did a string of dilutions. So we'll see if history repeats itself.

As I mentioned a few times before: When things are good, companies get chatty; When things are bad, they clam up.

Yes. That fight has been going on since July. The emergency appeal to move his criminal case to federal court in an effort to delay sentencing was also rejected yesterday. Bonus prize: Hit with an injunction ordering TFG to stop stealing music.

Since we're in September now, I'm guessing all those wonderful things that were supposed to happen by the end of August are kaput. Or was it August 2025?

I'm wondering if there is a critical mass price which will trigger a total panic-driven meltdown. I imagine it's getting close to it by now.

They have 4 years of financials, so the idea that the audit is being held up because they need 2 years of records doesn't hold water. It's clear they are lying about the audit. (Doing inventory, my ass. It's been 10 months.) You can only cry wolf so many times. Another clue is that there was no mention of any auditing expenses in the 10Q. (But the mystery consulting fees did go up.)

The "202x is going to be the year!" has been repeated every year for over 3 years now.

Next week will mark 10 months since the audit was started and 6 months since the "imminent" team deal. I missed the announcement of what was supposed to happen by the end of august -- not that it matters. Experience has shown that the bulk of their claims are largely BS.

That's great. Where's the audit, the ticker change, the China deal, the merger with Dryworld Industries, and who the hell is Dryworld Global?

I've mentioned this before, but Dryworld could be really big if we ever got a competent management team. They have the products. That said, there is a slim change Matt and Brian stumble across a major contract and trigger a massive short squeeze. But I'm not holding my breath.

That's cute. A retail seller dropping 500K+ shares at half the Ask price.

Look out below! This house of cards is collapsing.

As totally insane as that seems on the surface, it's not outside the realm of possibilities. It is a cult after all. We can see evidence of that by the fact this hasn't collapsed already despite clear evidence the principles have their parachutes on and are ready to bail.

Umm, because it's a scam? (Well, duh!)

It's not like retail wasn't warned from day one that this is a giant scam. I'm just waiting for the blame shifting to kick in.

It blows me away anyone would continue to hold this when the BOD has already started to dump their holdings in anticipation of the total collapse of the company. The red flags are hoisted high and the klaxons are wailing -- "This is a scam! Get out now while you still can!"

Outside of a couple of deceptive PR's, I don't think they did a damn thing. But those PR's were timed just a few days ahead of significant jumps in the O/S.

Correct me if I'm wrong, but is the CTO (Novachki Vladimir) a Russian? Not that I would be shocked by that all things considered.

I don't think they lasted for much more than a month. Then Dryworld disappeared from their client list and nothing was mentioned about them again.