Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
questions......
When I first started to buy shares in LKEN there was always that nagging voice at the back of mind.A alarm bell,a red flag.But I kept ignoring it.
Far too many shares CEO owning too much stock,but I bought in and those alarms proved themselves to be right.
Now a/s and o/s both about twice as much,ceo adamant not to change anything.Will I participate,....no.
Every one is free to make his/her decision,so.You are a very decent human being,let me just say I feel for you,in the end it is all about choices.
We have all heard about Ponzi schemes ,Pyramid schemes,how do they work.I am not casting doubts on Duane plan,he may be absolutely legit.But if we are to invest with him we can ask questions.Is his company part of LKEN or is it a separate entity altogether.
question,why so many questions,
I always thought people buy shares of the company,because there is a market for the product of the company.
I also learned that some pinkies can make money by selling the shares not to raise money but to get quick cash through P&D.
Now when LKEN will raise this money 400 times 1000 which category of income will it go to.will it be shown as income from production and services,how will it be accounted for.Will it go to LKEN or its subsidiary company or to an altogethet different entity.
Should we be asking these quetions.
Not nit pickin,but serious questions:
1.With 1000/-dollars you can buy 10 million shares,you are buying ownership in the company.may be worthless,you hold the paper.
2.what are you buying with founders thing.
ihubbers why are we becoming desperate.
Why not wait a little bit more lken shares or the founders plan is not going anywhere,let them show results,if they show any improvement money already invested will start to appreciate.
Let them know we are willing to come in,but they have to show there is a legit business ,if it is a pulic company let us see where it stands.
As I see it.future of the company is in the hand of Lenny and his family.He or they have complete and undisputable control.
How are the family relationships,now.Did enough money come in to make each of them financial independance.Slights, resntment and sycophants can create wedges.Is there any money coming in.It could happen or they may be happy and in complete harmony.It is their private life I should not touch this aspect but it can have a profound impact on the business.
We donot know what is the state of business.
Greene Concept(PN),lken.
What if they decide we still have full contol of the company.Nobody can touch us shareholder are little people they cannot spend more money for an uncertain outcome of legal action,and they are scatterd all over the country.We can keep what ever comes from previous work ,share with Duane the new income if any.
I am just thinking out aloud is it possible.Would it be prudent to go along with them to help them harm ourselves.
May be all of you can help me spell out,what sort of consensus we should reach.Is it important for us to ask,Lenny:
What sort of a man you are.
To retire ? billion of his share,bring a/s and o/s to a level which give credibility to intations of enterpreneur.It is hard to deal with shares out standing,so you have to bite the bullet retire couple billion of yourshares.FRom a general pool of around 4 billion you can come down to 80 to 100 million o/s and maybe 150 millions a/s fully compliant.You own 51%.jmho.
I am sure if you do what is fair and honorable members of the board might provide Duane with more than the required founders overnight.Or the collective intelligence of the board might find a more workable financial solution.Share holder can become a lager extended family,if people in responsible places start thinking of greater good of everybody rather than themselves onlyand give up petty self interests.
Hope the Greene family,sits for their dinner, say their grace,and Betsy may smile and say,Dad I read ,Obsolete(the old fool), today.He was renting again. But the more I think about it,it seem doable.Will you think about your legacy to me one more time or do we go back to the old ways,Betsy at reception and of accounts.
Kenolva,
Thanks for letting every one know you are still there and making up your mind.
Your suggestions and line of thinking can add a lot.
In the mean time,let us hope that our number 1,keeps Jazzing.
For the time being Iam going to slow down.thinkig time.
Questions I have for myself:
Is it a sinking ship,what incentives Duane has to stick around.What kind of risk/reward prospect he might be looking at.Besides reward what is his assesment of Lenny and family.
Before going Public looks like they ran it as a family business.May be a 4by7 entry door,with a slot,where people could drop off empty inkjet for later pickup,room the size to meet their needs.Work bench lined with used printers to check whether the refill is working.Lenny coming in to mix his batches of colors to make ink.Going on different routes to service established customers,daughter and wife helping.
Was it close knit family.They had Billions of shares how many did the wife get how many went to Betsy,In those heady days with prices at.02 (a million shares brought in 20,000/dollars)
Shares continued being sold AT DIFFERENT PRICES
TILL PEOPLE STOPPED BUYING.No body should blame them if they sold what was theirs to sell. to be contd.
Jazz,
I thought a lot before coming out with my last post.Especialy what you will feel about it.Am I trying to derail your efforts of making a begining.I have voted for you to lead our effort and will stick with that and will defer to that,just tell me to shut up and I will.I have also learned that people dont just give up there advatages even when it is prudent to do so.
Why did Duane go this route,because he has no choice.Is what ever good for the gander good for the goose too?.Because he needs money,share holder have been bled dry,who else will pay,the founders.
How much money we, the share holders contrbuted to the coffers of LKEN.We are volunteering our time ,willing to help out in any way.Why cant the share holders work as founders without putting up additional dough.Duane has stuck up long enough what if he decides enough is enough.Does the honorable Ceo has any credibility.
About your question,will I listen to CC to be political correct I shoud say yes,but I will not.Trust is atwo way sreet.It is Lenny time to show,if he has any cards left at all,and to put them on the table.Earn respectand credibility.Otherwise why through good money after bad.
What an eerie silence. I see a buy of 2.1 million shares.
who is the seller?.
Buyer could you please tell us the reason why you threw these 201/- odd dollars on this turd.Do you see any future in it or you are just bringing down the average cost ,just in case.
This is just a pocket money for the seller they can keep selling till cows come home.
Ten billion shares a/s, six billion o/s and rising.Management saying they can not divulge inside info because of sec regulations .Why dont they do what sec requires them to do.
Lenny hired Duane to do a job,paid him with shares which are worthless.Duane needs money to put food on his table.SO lenny tells him to raise his own money.HOW LONG CAN IT LAST.
Lenny, come clean.For me, if it was a bad investment,so it be.Financial may be bad,share struture may be worst but let us see if you are the man to do something.Transparecy and accoutability.
Jazz I am not trying to distract from your approach but I feel all of us can contribute in different way for the same goal.And quite a few things need to be worked out at the same time.So let me add ;
Basics 4:
Once the enterpreneur is paid his price to privatize the business he is bound by rules and regulation for full disclosures and transparecies,there are no ifs and or buts.
And here again Basics 2 come in play,what kind of a man/woman
he/she is..
So ,we look back and summarize:
Basics 1 The product.
Basics 2 Kind of man our CEO is or he wants to be.Scale 1 to 10
Basics 3 What kind of share structure we want..is it important.
Basics 4 Expect and require CEO to fulfill his obligations and responibilities in abusiness like manner.
All other suggestion are welcome. Let it just be a starting point.Let us thrash these point in March to start afresh in April for Act 2 for LKEN.Good night every one.
Hi jazz keep up the good work. I will now leave the mike with you and may be others will come in.Best of luck to every one.
Let me continue on
Basics 3 part 2; When genuine legitimate average Joes feel that they have something that can work they realise their limitations,they start with a share structure that is realistic they are open and forthright.
Objective is to raise the money,which joes does not have,but he has something which he is willing to share with others,at a price that recognises due legal checks and balaces.
Being just an average Joe he is giving his commitment,I will be happy to take 51% plus the salary to work diligently.With share structure like 50 million a/s 35 o/s they start to work they can authorise more shares as and when needed.
There is no glut of share if share prices go up it is because of value created.People like to hold on to their shares.Ceo has to hold on to his shares to stay in control and benefits from the value he creates for everybody.
Knock knock...Still nobody there so let me continue,with my suggested basics.
Basic 3: Share structure.
If lken had.............50 mil share bid .0001
lken had.............5 billion.... .0001
It is the same co nothing has been produced or sold and the market cap has changed from 5,000to500,000.Is this real value or just an illusion.And than when share price moves up bacause of some news to .02
lken if 50 million share m/cap becomes 100,000 from 5k
lken if 5billion " " " 100,000,000
Who will hold on to this paper money if they can cash it.So people who had those shares dumped them.
So the general perception enterpreneures who come with such share structure are only interested in quick money as in something like a scam.And when a Ceo own 80% of the shares and the share count is in billions ,how many shares can he dump and still keep control of the company.
And now if the share structure is graduating from 5 billion to 10 billions.what can you expect.
So i call it a crunch time is our Ceo going to graduate up too, on our basics scale towards 6789..Or he will stop and think.
So question is at what level our man lenny,is.May we hope for a 123or4,an average Joe who took on too much too soon and things got out of hand.Can he go to his clergy and have a heart to heart talk,that not only his own future is at stake he will damage so many others as well,or his wife or his daughter.
Basic 1 is still there only harm is some time has been wasted and we can call it learning on the job.
Mony is always needed in such situations if he scumbs to the temptation of borrowing,the price may be too high.
An averageJoe know his limits he may be just a slugger but he does the right thing.
Let us see where is Greene Concepts at the end of Act1:Lenny bought a company that had,
A/s 5 billion
o/s 3.4 billion something
Lenny 2.47billion " And he owned 74-80% of the company.
family ?
Friend ?
Others 800 million
Within a short period after take over a/s was maxed out and now it stands at about a/s 10 billion,o/s 5billion+The company is at no bid now.
Once he starts using the authorized shares that would be the end of present shareholders.there will be bankruptsy and or r/s and the sharks will close in on Lenny as well.
Do the present shareholders have a hope?That is why we need to look at Basics 2.
If he is 9 or 10 ..We kiss our mistake good byes.
If he is 56 7 8....Only a bleak chance..his ego wont let him admit that he may have made a mistake he will go on digging deeper.
Hi cb,
Duane entered the stage with April 12, 2011 annoucement,Lenny is pleased to hire Guru marketing and sales specialist,who can....... no disrespect to Mr. noble intended.
Appreciate the pun,though.
Since others are staying away let us start with our monologues.Let me call it:Basics.
Basic 1:Product
Lenny could have begun his sales pitch something liketh is
Guys
How many household have printers do the kids ,students,
adults use printers
Can they use it without ink
What is the price of an inkjet
Is there a need for the product.
Can we agree product and idea may be sound.But it is a pennyland company. so let us see if we agree on:
Basic 2: Quality of the person,integrity.Pennyland enterpreneurs comes with different agendas,they come in all shapes and sizes.
On a scale of 1-10.
1 2 3 4 Average Joes with decent values trying to provide for their families according to the best of their abilities trying to be part of the American dream.
5 6 7 More astute and more shrewd looking for a quick advantage'
9 10 Outright crooks.
But we never know who we are dealing with.
Where is everybody come on guys we need your input,your views on what needs done may help salvage this boat Lenny left adrift.
Kenolova reddyfool,waycool,sterlman,jobenny,knuckles,ceo1,ebondo,wsd,skipper,snizzle,Ed3 the bigman,investor dude.
bring your concerns to the table,something might be salvaged.
May be even Lenny may learn to accept the trueth these,are the guys who stood with me.He may someday see that the guys who back stabbed him are the ones closer to him.We are sill willing to back him up.
His dream was almost within his reach before it shatterd.He has worked hard and under a lot of pressure.Let Duane do what he is comfortable doing.But Lenny you will have to get up one more timthere are lot more chains to work with.clear up the ss fiascoand compliance and transparency.
What happened to all those Gurus did they take their shares and ran,did they do any thing to earn those.At least next time you will make sure so nobody runs away with our money.
Somethings to ponder....Letus do a little more pondering.
As we click open the lken page top part lists co news:
Greene Concepts is pleased to...announce starting from bottom up
4.12.2011 Co appoints Sales & mktg Guru,.. Noble.
2.28.2011 Mark liddell,appointed.
5.11.2011 Sky mall
6.6.2011 Noble goes for cdm
6.14.2011 Noble ivo
6.15.2011 Internet mktg campaign.
6.23.2011 Enter Mark Aguilera
6.27.2011 Noble completes mktg strtgy.
7.5.2011 Straight edge mktg comes in.
7.13.2011 Enter jeff Durant.
As I see it Mr.Greene developed a good rapport with Rite Aid may have a signed contract but contradicted the confidentialty by declaring it too soon.He went ahead bought himself a company,had to do too many things in a hurry.Left too many shares with previous CEO gave too many shares to his inner circle to set up the company.When share prices explode,those in the know there is no real value created this is all paper profit,so they sold enmasse.He too may have tasted some money and EUPHORIA of monetary freedom in those days.Than tried to get a good mktg guy.Which is evident from his search as above.
nctwb,
that is exactly the point,wallmart may sound to be a biggie but it is there to make money for themselves.X*de decided to say goodbye to them, why?.
MR. GREENE,
Will you step on the razors edge.Rather than dealing with bankruptsies wasting time on unneccessary things,take the bull by horns.
Go ahead and reorganise,stop the gimmicks you were on a right track you had the contact,just take some time off'
Come back with a share structure so that investors can feel comfortable.Your share count no more than 51 %,that is part of checks and balances which we need to survive in todays world.
Doing the right thing is good for everybody.
Mr greene,
Every thing so far has turned to ashes.For once in your lifetime you have an opprtunity to snatch victory from defeat ,do the right thing,only fair is fair
Enterpreneurs who have faith in there product donot start with billions of shares outstanding and donot expect 74% control in the company.they donot give themselves a cushion to keep control of the company.
They just say ok guys this is my product,this is my experience,give me 51 % of the company so I can run it the way I want,Iwill be happy with this share structure and do my best to make sure you donot regret this trust you are putting in me.
Than they say let us have 50 mil a/s and than sell some share to raise capital.and those outstanding shares enter the market.Than peoples perception creats value in the initial stages till fundamentals become available.
In pennyland bidding starting at .0001
If lken has 50 million..... bidding opns at.0001
If lken has 10 billion..... biddin still opens at .0001
Artificial paper value is created,peepwith abundance of shares are tempted to make a quick buck.200 time more money is being paid for the same thing.It does not stay an investment.No ceo can resist this temptation especialy if he own 74% of the company.
To be contd.
Good morning fellow hubbers,Let me thank investors hub for providing us with a platform to share our concrns.
since most of you are taking your time to come back.I may try to reason with,
Mr.Greene,
You had an idea, a,life time of experience but todays businesses require finances and a whole lot of them.So you decided to go public.Since setting up new company takes lot of time and expenses you decided to buy a kind of shell,but it came with baggage you could not get rid off.Who so ever dumped all those shares,for a
quick buck,lot of investors are bag holders now.
End of act 1.
You still have a company to run,you need money,financiers know the history,you have raised a/s from 5 to 10 billion,how will new victims react to it will they buy the shares again.You know how the financial sharks are asking for an arm and a leg.
#33825 rsr an investor who has over 25K invested in this expresses his concern,what if Mr Greene decides to take insolvency route to wipe away all the previous share holders,than what.
And when Jazz1 our spokes person asks you simple question you tell him bacause of sec regulations you cannot divulge info.
to be contd..
Rsr that is the point why waste time over use less short term fixes.
Lken is now at its lowest,at nobid,let us try to involve everybody,we are inthis together.
First get every ones input determine the cause of the problem so every one spell out,what they think was the problem.
1.
2.
3.
4.
and so on
And than we try to find solution.Till than we inform the potential investors this stock is toxic.
Ireally believe in the product,stock can be turned around and this complete loss can become a valued investment.
Hi Jazz what a beautiful piece of info you provided in you first paragraph.
Management is telling you as you paraphrase it
Iam told sec regulation prevent a lot of info sharing.
They got so much respect for regs.
We need to get the product to top ten -----vote vote vote.
Above the rim and others,
the board has been dead for almost 7-8 months,now there seems to be some movement so we feel hopeful and want to grab this opportunity and hope something good might come out of it.
Wishful thinking and desparation wont help us.Let us try to identify the problem first.So just for old timesake let us each and every one post at least one message,ptting down your thoughts why you bought in the first place,did you lose any money,and what in your opinion was the reason of this debacle,whp is responsible for this pain on so many.
Every one please response,Iknow,there are lots of peep out there who sufferd and read this board.Make it a lively weekend.
So do you agree ss,trasparency accountability and other things are needed.We as a board may have a certain clout but only if we speak with one voice.
The founding fathers put checks and balances in the constituition result is that usa is almost a heaven compared to the rest of the world.
Let us expect proper ss, accountability and compliance before we help with dissemination of proper dd.
Appeasment never works.10 billion when dumped in market will be more devastating than the first run.
The company is at nobid,zero value ,zilch ..nada.Why?.
a. Product no good.
b. Quality no good.
c. No market.
d. Price too high
e. No demand.
f. Etc etc..
g. Over supply--Glut.
Could we agree that biggest factor was the oversupply of shares,dumped and dumped.
And who would dump relentlessly.In a free fall investors in desperation,to salvage whatever they could.
And those who got these as a gift,free of cost.If I have billions of them could I afford to sell 4-5 million a day for pocket money,how long can I do that.
It was said by some body the reason we study history..is because it repeat itself.Lenny had struggled for about 30 years made some kind of a living than he had a bright idea.He wanted to take control of a company,he bought Luke Entertainment payed enough to have absolute control.Company had around 3.2 billion A/S.
He was in a hurry to start on his plan of action,around 2.47 billion shares were adequate for that and the price he could handle.
PRs came like clockwork,some of his shares were restricted but there were still 800 million share outstanding.
Whether Lenny got a bad rap because those other share were not under his control and those guys saw an opportunty and dumped those shares for a quick buck.We may not know.
But the fact remains,because of too many shares,an artificial paper value was created,and people could not resist the urge to make hay while the sun shone.
If that is the case than Mr.Greene I sincerely appolgize If I have said something which Ishould not have said.When new on a job innocent mistakes can be made.
But it requires a concerted effort on every ones part to give his best shot for the job.So will look forward to hear from you.
You have admirable positive constructive energy.But what will we get by casting pearls.to lenny.
4351 33m dumped ..criminal.
4352 fleecing.
4369 Nonsense..Lenny greene is diluting..no one else.
4376 senseless dumping from ceo
4384 only Greene is making money.
Unless BIGG Kahoooona realizes that he may have more to lose.He will not listen.
Our mission is to let potential victims know what happened here before,who was at the helm what he did how he did it.
Is he willing to admit those mistakes publically state how he is going to make sure they do not happen again.
Jazz
You and Ed have big positions here and I fully empathise with you.I understand the pain.But we are dealing with sharks and beast of prey.These peep arent concerned with the pain they inflict,only maotive is to amass wealth.
Risk/reward some times makes us ignore the warning signs.In my case when I saw 5b A/S,every instinct told me to stay away but I got suckered in.
Now we are in this boat together.What to do?.
#4346 Mr. greene got us good real good.Fricking crook.
During the last 8-9 months we learned to have less heartburn from losing this money.As you suggest that the company needs money now and Duane want a conference call.what for?.
SO LENNY CAN RINSE AND REPEAT
Let him forego a billion of his shares,he has already made a lot of money by selling shares rather than the product.
The big Kahooona is working for the share holders.He had every right to be his own Boss,he should have stayed private.
When he chose to go public,may be he was seing millions from sales of shares and 120,000 $ per year for the time it took him to prepare those prs to create those sales.
So now is the crunch time,what are we going to say.
Do we need a change of approach.And is there a, we,in the share holder as in togetherness as in a common cause.
Since you are doing an excellant job as a moderator I vote for you to be the leader of our effort to deal with
#4039 ...Got screwed,not mad about losing money but for falling for the prs of ceo.
This is the stand we need to take.
The posts preceeding ang following your post are by ED3/6me who may be the person with the biggest investment and Jazz 1 too has around 26 million shares,and there are so many more with considerable interests.
We all believed in the product and still do.So what went wrong?.
Here are some observations of investors in this stock.
Post#5397 Concerned because the 5B A/s,how can it appreciate in value with that kind of a/s.
3987 comments about ceo integrity.
3999 a/s 5b,thing of concern.
4000 Lenny is a bull...er.
4010 Worst dilution in a pinky.
4021 Dilution
4022 Brutal dilution.
4023 Hope ceo gets what he deserves.
4024 ceo needs to be jailed.
4025 never crosses my path.4026
4026 Criminal absolutely criminal.
There is lot more pain and our suffering.Are we going to ask Lenny to go to rite aid and get some Vaseline as ken suggested.
Jazz 1
You are doing an excellant job,thankyou.
Abovtrim,jobenny,reddyfool tbray,ken, ed2 your decision to come back is welcome
It seems like the voting may be a good idea.But for whose interst.Are we going to hope because hope is the only thing we can look forward to.
I would rather say let us inform the new would be investors in this company to hold on to their buying decisions till such time as the company becomes compliant with the requirements.
Caveat Empter, BUYERS BEWARE. WAIT FOR THE company PR before you buy.
If I remember correctly Greenses had 3.45 billion of these to start with.Who else could have afforded to sell at these prices.There is no record of inside sales,maybe insiders think they can be compliant,when it suits them.
Now the a/s are 10 billion.
Board members are trying to show,that they are willing to understand.
Do we see any reciprocity on the part of management.
Alot of people have been victimised by this management,before you buy please learn from our mistakes .Product is good it has chances of acceptance by consumers but it still is Lenneys cash cow.Only he will get the income whether it is from sale of membership unit or sales of the product.
Share price is not going any where.Let him show that he is willing to consider the shareholder as more than equal partners and share info as to what is going on.
Brisk trading till 11:09:11 AM,over 15.2million shares,and no trade after that.Has the trading been halted for some reason?.
NBW,
That is what we need here instead of keeping that hurt inside and get that heartburn.We need to bring it out and let the Greens know what has been done here.
And if they donot do the right thing by reducing the shares authorised than we need to inform prospective buyers what happened here before with 5 Billion shares------and what to expect with 10 BIllion shares.
DILUTION AND REVERSE SPLIT.
Spoken like the leader of our board,keep up the good work you have been doing.It is the callous attitude of these Greens,the way they were putting those PRs,personal assurances.I remember some body posting that he talked to Betty or Betsy,a miss Green or Mrs. Green assuring that the stock will be 20 cents in no time.
Now they think they are too high and mighty to talk to SHs.It is hard to forget that young couple expecting their first child.And they thought they may get better returns from a startup company.
!0 Billion shares authurised,because he has the board in his back pocket.
Product is still good people may want to invest here but those who have suffered at the hands of such people owe it to themselves to atleast ,warn, the new comers to do their DD before investing here.
Before the stench becomes too bad to recover from OUR Lenny needs to reshape the share structure where it starts giving the semblance of a legitimate business.
Reddy
You remind me of REDDFOX a great man in average Joes garb.
This company is not about cutting edge technology,but it is a kind of bread and butter thing,And in this internet and computer age almost everybody needs it. School kids,college and university student,business people.What a huge market?.
What went wrong when and where,who brought all this negativity,how the the share price went down to no bid?.
I as a share holder am willing to forget all that and would request others to do so.As not to create any problems for the CEO yet.So he can concentrate on running the company.
But, AS THE SHARE HOLDER DRIFT,in this boat which has been fully paid for by the share holders,yet,Lenny thinks it is his boat.Now that he has made so much money,which he could not have even imagined.
He has to realise that enough is enough.10 billion reasons to do that.
NC2WB,
Thanks for bringing on the most important point.
Share authorised and shares outstanding.
AS OF 8/03/2011
as------10 BILLION
oS=======6 BILLION+
The product is good is needed by the consumer,company may succeed if if if if if,
Our CEO takes a look at himself in a mirror and accept maybe he might have been too greedy,he may have given out more than 25 PRs in a short period of time.
Reduce authorised share to about 4b at least,surrender couple billion shares he gave to himself.Be satisfied with millions he has already made.
He may still be able to make a lot of money for himself and let the people who trusted him recoup their losses and even make it look like a investment too.
And above all may command some respect.
Lenny,
We are a drift in this boat,too many people stuck in here,stench is getting worse,we were hoping you are a human being too,we were hoping for a reprieve.but the news is not comforting.
10 Billion more shares authorised.Usual business practice to issue 50 to 100 million shares shows good faith and serious of people.What do we have in mind here.
Bidding usually starts at .0001 for beginer penny stocks
So that 100 million sharea sell for 100 thousand dollars.
Since .0001 is the minimum price so you expect investors to pay 100 times more.
But than Victor Lestig sold Eiffel tower twice too.
Hey, Fonz,
Why get personal.
ALGARROBO is very intelligent person just trying to look like an average joe.
He is using ATRN.V. Trying to depict,V for V shaped reversal.GLTA
Hey, Fonz,
Why get personal.
ALGARROBO is very intelligent person just trying to look like an average joe.
He is using ATRN.V. Trying to depict,V for V shaped reversal.GLTA
Letter to the CEO
Lenny,
You may be right to feel,its their fault,they should have done their home work,before buying those shares.
As we drift in your boat,without any hope or news do you feel you have obligation towards the share holdersin the company.
It is said that Nero was enjoying his lyre as Rome was burning.While doing some DD on IHUB,I came across the fact that the authorised share count now stands at 10 billion,is it how you play this game to amuse yourself.
Sell another 5 billion shares to new suckers and than reverse split the company to get any reasonable price on the shares.Wipe everybody out except those with billions of free shares.