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Its not the selling of the .0005's thats concerning its the .0004's. Nobody is selling .0004's at a profit except CD holders. There has been a lot more shares sold at .0004 then was required to meet the KBM note.
So 40M volume and the ask is still .0004. Brian you need to stop selling shares directly or indirectly, you have destroyed this stock structure.
VFIN is still on the ask at .0005, has Brian admitted to anybody what shares they are selling ??
The big question is where are all these shares coming from, the level of dilution by Brian is getting ridiculous at this point.
People are tired of the dilution and have stopped buying.
So does anybody know where all extra shares @.0004 not belonging to KBW are now coming from ? Brian must know where these are coming from.
I think everybody has shutdown their spending. That last CD that surprised everybody except Brian did lots of damage.
Thats what i'm afraid of, LG has not retired the Eastmore CD. They have merely bought it to sell at another date, that may have already started converting that CD. It would explain the presence of VFIN.
We go no where but down if there is still dilution of any type still occurring. Brian can't guarantee that its not currently occurring or won't in the immediate future.
Agreed........Ironically,so far Pep has been closest to predicting what this stock would do.
Another 14 million shares on the ask at .0004 and VFIN back on the ask again. This is not retail selling so who is it ? The Current CD is well due been finished.
Brian where are these shares coming from ???????????????
Is this another CD or are shares for services been sold ????????????
Until all forms of dilution stops this goes nowhere.
Anybody hitting .0005 here ???no it looks like.
I've nothing left to paint it this evening, so somebody else will have to do the honors.
That Dump of 8-9 million at .0004, should be the end of the KBW note.
I already told you previously i was the biggest shareholder here, now i'm the 2nd.
You do realise for you and me to make money here we need new buyers. If Brian has the right answers there will be plenty of new buyers.
The biggest worry any new investors in pinks have is not of the companies potential but that their investment doesn't immediately go down the toilet with share dumps, excessive dilution will do that.
If people are sure that dilution is done they have no problem buying at any price as there is very unlikely to be a massive drop as soon as they buy. At this moment they are not sure of that.
VFIN back today looks like further dilution/conversions to me. VFIN are not a retail MM and have previously converted for LG. LG have not taken the Eastmore note off the market or retired it they have just stalled it, thats just a sword waiting to fall at anytime.
A new note issued by LG to replace that note would take that Eastmore note off the market for good. It would give confidence to new investors, which we all need to make money.
Is it possible to get a guarantees for shareholders from LG that they won't convert before a certain date or even a re-issue of their note with definite terms ?
You have to understand VFIN has reemerged today selling shares at .0004. They from memory converted all LG's notes in the past.
I don't apologise for asking these questions, i have been trading pinks a long long time and have seen the results that non stop dilution has on even good legitimate companies and their shareholders.
Its the questions that everybody on the sidelines is waiting on. You have yet to give a definitive Yes/No answer to, and appear still unwilling to do so.
You have only said "Should" not happen, surely you been the CEO know if there is going to be further CD conversions before September or not, i.e Yes or No. I don't see why you are so unwilling to provide clarity to everybody on this.
Can you guarantee that at a minimum 1)No more CD's will convert or start to convert before the start of September ??
2) Is there shares entering the market for services provided ? if so how many and what quantity is expected in the future ?
Did you forget ?
Chidoc you need to buy another 50 million and we might see .0005 again.
VFIN have been gone off the ask for weeks, CDEL has been selling the recent note. VFIN are now back selling today at .0004 with CDEL. It could be a retail selling messing around or maybe not.
When Brian refuses to guarantee or PR that there will be no more dilution or no more CD's how can we be sure that VFIN is not another new CD ? Could this be LG capital now selling as they used VFIN before ?
Nobody had even heard of the last CD until it was converting, Brian neglected to mention it.
Also who is selling all the shares through NITE the past few days, where have they came from its unlikely to be retail shareholders ?.
The lack of buying today is a response to the dilution unknowns.
VFIN is back at .0005 this morning, hope thats not another CD that Brian neglected to mention ???
Even on news there is very little appetite for .0005's. Brians enormous amounts of dilution has caused untold damage to the stock. It will take an awful lot of work for Brian to rebuild investors confidence in him and his stock.
Those that think dilution doesn't matter need to reassess, its the most important thing for a stock at this pps as even billions of shares raise relatively little funding.
He needs to at least guarantee that dilution is at an end, no if's but's or maybe's. When people realise that Brian might not start dumping another billion shares on them then they might start buying in real numbers. Its just another toxic pinky untill then.
As for those predicting multi cents, its time to come back to earth.
Shareholders will not accept another CD of dilution not now or next month or September, they've had it. To get buyers for even that last few million of the current CD will be a struggle.
Another converting CD will bring this to zero and make it as toxic as it gets in pinkyland.
That last trade is the last 2$ im putting into LIBE lol. But it makes my account look a whole lot better.
Chidoc saved Brians bacon here, without his 100 million share buy the CD that is currently converting @ .00018 would be converting at .0001 instead and we would have 600 million shares been sold.
The worrying thing is i don't think Brian would care if this went no bid as it only effects his shareholders and not him.
What did you expect, they have dumped a Billion shares in a few months.
Yet there is still two more CD's due in September and over 500K of new debt that we have no details on what it was used for or when it can be sold into the market.
If it ever gets to 5% of its high i will be shocked. Brian has just let it get too bloated. Shares now been sold at .00018 to pay company debt, a CD that Brian signed.
He had options to keep the O/S at a reasonable amount and chose not to. It was easier and cheaper to let the retail investors pick up the tab for Everything!.
That is not an old CD it was Brians CD.
Also Putting a floor on the stock price at even .0006 would of reduced the O/S by at least 3 - 4 hundred million shares spread over the various CD's.
We had .0003s last week, as this CD is not even in the quarterlies then it is impossible to know the terms.
You have managed these share conversions absolutely terribly. There will be 300 million shares added just to satisfy a measly $60k of debt.
You have allowed everyone of your shareholders investment to be diluted by a third just to satisfy this one CD. If LG were giving financing a very small amount of this would of but a floor on the stock and we would have at least 200 million shares less in the O/S.
A few timely PR'd updates would of prevented the .0004's and .0003's that we seen last week. We have such a bloated O/S now that it is going to take massive and repeated news just to get back to the teens.
Those that didn't want to buy the 4's will now have to buy the 5's before we get 6's later today.
Around $15k left in the CD now.
Agreed, if the price had been brought up to .001 we would be looking at a much smaller amount of shares.
Unfortunately Brian does not appear to care about the O/S size. If he did he would have used some of those funds from LG to support the bid.
They just added another 9m to .0004 the same as they did yesterday. They are still selling at .0004. They may just plan on selling the rest at .0004 or higher for bigger profit.
one buyer alone could take that out tomorrow.
Buying taking off now.....looks like they are going to hold on to the rest of the shares.
Thanks, Is there no way to get a guarantee from LG that they won't convert within a reasonable time-frame. This would give investors confidence that 100's of millions of further shares won't be dumped on them at any moment.
In one of your previous posts you said their "should" be no more conversions before September. Can you confirm that there won't be any conversions before September ?