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Only scamming CEOs effect reverse splits in my opinion!
If shareholders are hoping for one, they are NUTS and want to throw their money in the garbage!!!
Eakle is a lowlife!
Exactly! The idea of effecting a reverse split for uplisting purposes is a complete JOKE! If Eakle is trying to plant that in shareholders' minds, he's more of a lowlife than I originally thought.
The idea of uplisting is a joke. Shareholders are now begging for a reverse split???!!! I never heard of such a thing. Talk about throwing money straight into the garbage and enabling a lowlife CEO.
There is no uplist. I have no idea what you're talking about. This is a stinky pinky that is years delinquent in filings, has a Caveat Emptor listing on OTC Markets, recently had a Stock Promotion warning as well. You actually think if and when they reverse split this stock its going to the NYSE?? LOL. It'll quickly go back to trip zeroes and ALL current shareholders will end up with NOTHING.
I believe that is exactly how Eakle will play this out as he collects his preferred shares and remains immune to any reverse split.
I will be happy to put Eakle in jail if he screws over investors.
I hope so for the sake of the shareholders....
2018?? They haven't even filed 2016 or 2017! LOL
An A/S increase combined with a R/S would be insane. The shares would become completely worthless.
LOL! If you want them to wait until March 2019 to release any further financials, then I don't know what to say....
You WANT an INCREASE in A/S and a REVERSE SPLIT?! LOL, I guess Eakle's koolaid is working?
From the 2015 10K:
Pursuant to the terms and conditions of the 2015 Employment Agreement with Mr. Eakle:
For the fiscal year ended December 31, 2015, we agreed to retain Mr. Eakle as Chief Executive Officer of our company and Mr. Eakle agreed to accept this senior officer position.
The term will encompass the fiscal year ended 2015.
Mr. Eakle shall receive an annual compensation of $120,000.
Mr. Eakle will received 1,000,000 shares of our newly created Series D Preferred Stock.
In the event of insufficient liquidity, Mr. Eakle will be allowed to receive any unpaid and accrued portion of his cash compensation in the form of common stock or Series D Preferred Stock, as he may choose.
Ask Eakle
Asking for a reverse split is INSANE!
Yeah, that would be great. But I doubt Eakle is headed in that direction. If they had all this money, why do they continue to issue convertible notes this year?
All of this is completely irrelevant if Eakle reverse splits the shares and wipes out current shareholders.
Ask Eakle to provide it to you.
I'm not going to let Eakle or anyone bully me away from the stock.
Eakle will be held accountable.
Wow, massive dumping on the bid.
It all boils down to the SP being currently down 70%. I believe this is directly related to Eakle's shambolic shareholder Q&As on FB.
Yeah, I know how it works. Eakle is not keeping all shareholders happy by his silly fb posts. He should be acting like a proper CEO and release PRs through traditional means. Not corny FB posts that he can't be held accountable for.
Fins are filed electronically. If he's working with a truckload of paper to file financials, then he's more of an incompetent fool than I originally thought.
I doubt it. All he has to say is that someone hacked his account and he's unaware of any statements made on FB. Why won't he release a PR updating shareholders? What is he afraid of?
Why should we take our losses? Eakle has shafted shareholders with his shambolic Q&As on facebook. He won't even release a proper PR.
He has issued convertible notes like water, maxed out the O/S, hasn't filed 2016 or 2017 fins and won't address the share structure. There are no provable revenues.
So, now, after being shafted, we should take our losses and walk away because its inconvenient for Eakle that there are shareholders that are holding him accountable?? I'm not going anywhere, nor should anyone else.
Let's see how happy you are if and when he effects a reverse split. I'm pretty sure his preferreds will be protected and he'll probably be the only smiling after all is said and done.
Funny how he's never mentioned a share buyback. The only items that seem to be on the table are increasing the A/S or a r/s. Yeah.....
It's not a dead horse as the 2016 10K, 2017 10K and 2018 10Qs are all due now! There's a CE on the company. The company has been flagged for stock promotion.
It's nothing but bad news and its all relevant.
And Eakle is posting BS on FB. Ask yourself, why won't he release a proper PR?? Does he not want to be held accountable?
Yeah, Eakle doesn't seem to be working on any timeframe. That is not something to be proud. He should be focused on the company and the financials. Not posting crap on FB. The guy is a complete bozo.
I doubt we'll see any else this year except no bid.
Yeah, the stock took care of itself alright by plummeting 70%.
Eakle is an incompetent clown.
Ask yourself, why would Eakle post info on Facebook only and continue to refuse to release PRs where he can be held accountable? It's funny how he uses the excuse that the SEC doesn't allow companies to release PRs. You all should know that is COMPLETE BS! Thousands of companies release PRs every single day. It's how reputable companies communicate with shareholders. Why does Eakle refuse and just post silly riddles and pics on FB?
He has maxed out the O/S, issued convertible notes like water and cannot even get the all the fins filed on time. Excuse after excuse while he maxed out the o/s. Where did all those shares go??
This company seems scammier and scammier every single day.
Try calling them....see what happens.
How can he be the CEO and have no clue whatsoever about what is going on in his own company. These auditors work for him right? They're supposed to give him updates, right?
Eakle is a liar!
I doubt we'll even get financials by 2020. You're right, Eakle has been stringing investors along on Facebook with promise after promise then backtracking.
He said all the heavy lifting was done for the 2015 10K, then backtracked and said 2016 and 2017 are nowhere near complete.
Eakle is a LIAR! He's probably told so many lies that he doesn't know what the truth is anymore.
Eakle did not address investor concern. He evaded any serious questions about share structure, etc. His doubt about these issues is what torpedoed the stock.
This is not an MJ stock.
No more shambolic FB shareholder Q&As!! If Eakle had kept his inept mouth shut, we'd be in the .002 range.
The more he talks, the scammier it all seems. Hence, the reason were back in the trip zeroes.
Eakle = incompetent clown.
Yes, I know. But he could've issued even more notes since that filing last month.
We need to know how many more convertible notes Eakle has issued since the 2015 filing, if any.
With Eakle, it seems that anything is possible.
FINRA won't allow a delinquent company to effect a reverse split. The company has to be current. That's probably when shareholders will get the shaft.
Hope it has a run before then so I can get out of this POS.
"A reverse split will be good for the company and for shareholders" is probably what Eakle will say if and when he wipes out current shareholders with a reverse split.
That's what stinky pinky CEOs usually say before they wipe out current shareholders and then issue billions of shares again. Rinse and repeat. I believe Eakle is out to enrich himself and no-one else. I don't believe he gives a crap about current shareholders.
All this talk of shorting is complete BS. People are probably dumping because Eakle is an incompetent fool who has single-handedly destroyed the SP with shambolic shareholder Q&As.
No fins, no provable revenues. Eakle issued 5.5 billion shares with pretty much nothing to show for it. He's basically destroyed the SP with all the convertible notes he's issued like water. Now that the O/S is maxed out, I assume the only thing he can do is issue more shares or reverse split the shares and just start dumping billions more shares into the market. I wonder why he won't do a share buyback?? That doesn't seem to be on the table. I wonder if its because he just wants to pocket cash from more share sales?? Rinse and repeat.
The only business that ALKM seems to be in is the share printing business. Surprised the SEC hasn't shut this sham down.
So who did Eakle issue those additional 1.2 billion shares to when the O/S went up from 4.3 billion to 5.5 billion recently??
I believe Eakle knows exactly what he's doing and will make sure he comes out of this rich while shafting shareholders.
Massive dumping continues at .001. Eakle has royally shafted shareholders with his two horrific shareholder Q&As.