"Wise men learn more from fools than fools from the wise"
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Until the next conversion DUMPATHON hits. Asif is slithery IMO.....sssssssssssssssssssssssssssss...................
Asif is a lying POS and went against every promise he ever made to me and the rest of the people that he spoke to. He sold everyone of us down the river.
JUST MY FRIENDLY OPINION!
Asif isn't buying anything, everyone here on the other hand is buying Asif's cool-aid.
Been there, done that. Burned.
$550 K CONVERTIBLE DEBT NOTE ISSUED TO TCA IN THEIR SETTLEMENT>
Anyone read the terms of the 550K CONVERTIBLE note TCA got! Love to hear Asif tell you guys he will satisfy the note before the 180 days where they are allowed to convert.
TOAST.
Bring back Lon and LYM!!!!!
All lies and using sympathy as an excuse....credibility shot imo
I was in your position a few months back....he will lie to you just as he did to us. Then he will find the next you to dump his bs on. Don't believe a word he says, if he proves by action fine....otherwise his word is feces
Things are good? And u believe him? Why should he be believed with anything he says? Everything has been a lie so far.
I'm sure he will say he has this great acquisition. Whatever it is will be a pos, just another carrot to dangle. Jail time for him with his lies is appropriate imo
Claims the vote occured in June ????? Lying scumbag... Time to press the SEC button.
From my calculations, I believe every single note due in this batch is fully converted. They may have some shares left in inventory to sell, but not many.
Let's see if Asif cares one iota about his shareholders and releases a PR saying all notes done. That will start the slow and painful recovery here ...........
Who is going to be the one here to actually make contact with Asif and get him to see the light?!?!?!?!!?
I can...........fully diluted is merely an estimate of the amount of shares it would be after conversion. Since the conversion was not on a fixed price, it could only be estimated.
So the fact that the share count is higher, just means conversion price was lower than expected in their calculations.
I still say there are NO additional debt vehicles, since even Asif can't be THAT DUMB to do this a third time!!!!
Wonder if Asif will respond to anyone and man up!!!!?!?!
I think Asif should step up and buy some on open market.....
No he does not. He also did not have a history of diluting the stock either.
Dealing with the worst of the worst loan sharks, and promising to pay them off early, and telling shareholders he has alternate deals to buy them out, and not coming through SEVERELY affects credibility.
He has two big strikes against him at this point, a 3rd one will put this company in the never coming back arena.
Agree opportunity will be out there, BUT, until our destroyer hands over reins to someone who knows FINANCIAL implications of doing things in the business, I won't hold my breath.
He has done a mighty good job destroying the market cap of this company.
Not with $$$ on hand they aren't. Maybe down the road if he learns how to run a public company properly!
Our CEO has done a TERRIBLE job on the public side here, there is no disputing that.
He has singlehandedly destroyed the marketcap of this company in my opinion.
Let's see if he does SOMETHING right to make the shareprice recover somewhat.
I think you owe me a golf lesson, and its accrued interest for like 30 years!!!!!
BKRT now on top bid, see if it is just a placeholder here or actually going long on expectation of end of dilution.
NOPE: Placeholder.
BMAK looking like its dumping its last load here.
Things are picking up, I suspect the notes are very close to ending. Ball is now in the CEO's court to do the right thing, or bury this one forever.
My guess is same as Ania, VFIN is Vis Vires, and I think they may be the only one left with any size.
I will buy some here at .0016s if they want to dump.
The few remaining here I'm sure feel the same exact way you do. He has done NOTHING at this point to earn kudos on the stock side.
Quicker the company finishes the conversions, quicker we can move on and slowly move back up, assuming turd boy doesn't enter into any more notes.
I read the PR when it was released. All I can say is he entered into these documents, so he should know what he enters into. He was also well aware of the unscrupulous reputations that all of these financiers have. He blew deadlines of paying these off. He could have filed Court papers stopping conversions if he tried to pay them off early and was refused.
This one cannot afford another round of toxic financing. If he enters into another single note, this one is toast.
At this point, it can rebound but the ball is in his court.
Saying that, I do believe we are close to the end of conversions. So you saw a quick bounce into the .003s on nothing a few days ago, when it is truly over, I would expect a bounce back there or even higher if the buffoon would PR something to try to regain trust.
Don't enter into these agreements in the first place!!!!!! He knew the consequences. Ignorance makes him look worse.
The company is profitable "for now", so unless he is truly just going for "free money" instead of out of necessity, then he may not do it again.
If he does, then this company is no better than the 99% of the other corrupt CEO/shell types.
Unfortunately, I cannot agree with the word railroaded. If this was the first time he did this, yes, I would be in your camp.
But this is now the 2nd time. He is sloppy. If he truly wants to run a public company legit, he needs to delegate power to a CFO that knows what they are doing. He also needs to delegate PR/IR to someone that knows the ropes of a public company and to disseminate public info in a positive timely manner. He is clueless with the public part of the company.
That was fully diluted based upon certain price point. The fact the stock price is lower, I believe there is more to come based upon current share conversion price.
Shocker, Asif conveniently let another note start converting I'm sure. Promises about paying off loans mean nothing I guess. Theft.
Agree with you Krony EXCEPT you are assuming the note conversion is over. If not, the next traunch will be converted in the mid .001s. That's why death spiral financing should be ILLEGAL, and its a shame that CEO's even consider this crap.
I don't think anyone knows whats going to be in the Q.
At this point you are betting on how much of the notes are going to convert vs how much Asif will pay off.
If you think he will pay remaining off, then this should be bottom.
If you think more will convert, there will be more pain.
PLAIN AND SIMPLE.
This has NOTHING to do with the Q.
Again, I can't speak for him.
But remember, as CEO he can pretty much pay himself in BAZILLION shares and get away with it since there are no outside BOD.
Don't know. Gotta ask him. I've given him a piece of my mind and I doubt he will ever answer an email or call of mine again.
At some point, these CEO's HAVE to be held accountable for their actions or inaction.
This is what I was told from company. This is consistent with what is happening because where else would shares be coming from, there are NO notes that matured in 2015 according the the last K.
Whether thats fact or fiction I dont know because I haven't seen with my own eyes.
I believe its both, now.
Vis Vires should be soon.
I learned that maturity dates are NOT necessarily dates that they can begin converting. Often, there are 3 dates that are important
1. Date you can pay off loan in full without penalty or conversion
2. Date they can start converting
3. Date of maturity
All 3 can be different.
That is what pisses me off....his PR said maturity 2016. But said NOTHING about converting earlier.
I was told numerous times don't worry, notes will be paid off early, I learned my lesson.
Guess what..............
JMJ and LG notes I was told are both not paid off and can convert. That is approx. 80 grand from what I was told.
I figure we are 1/4 in.
He needs to get to talk to these people and stop the bleeding IMMEDIATELY.
He claimed to have learned his lesson the first time around. Well now this is the second time.
FOOL ME ONCE SHAME ON YOU, FOOL ME TWICE SHAME ON ME.