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I think it is amazing that "management" claims they have reduced the stock, even more so when some believe it.
In the whole 10 year life of this company, there has never been any formal activity except for scamming. Just waiting for the next scam PR.
There is no fixing stupid. This "conversion" will convince many that there actually was a reduction in equity.
A preferred share that is readily convertible into unrestricted commons is functionally identical to a common share EXCEPT it has preference over those common shares in the event of a restructuring or dividend distribution.....ie, it is more valuable.
Wednesday, January 24, 2018 1:32:54 PM AMFE Share price $.193
I enjoyed it!
Wow....you have been negative on this stock since it was $.12?
The Snakes and Lattes concept is great (in my opinion) and that makes many overlook the ineptitude of it's management. And once that is overlooked, kiss your money goodbye.
There are tens of thousands of examples of great concepts that never went anywhere because the importance of experienced management was never considered, thinking the product would just sell itself and be a success just because it was "a great idea".
And our management is the WORST!
This is a classic case of them wanting to control 100% of it, including the right to gift themselves all of it if they want to. They have already evidenced that with their previous "gifts" to themselves, stealing control from the shareholders. Those "gifts were worth over $5M. They will not give up that claimed "right" for anything, including getting qualified executives. Simply put, they would rather have 100% of 10% of potential value than 10% of 100% of potential value.....because they WANT that 100% more than anything.
These guys are just lightweight scammers destroying shareholder value for their own benefit. They have ZERO qualifications to run anything....except a few previous companies they have run into the ground.
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Made my point. Your OP was bullshit. The 8K did not show any contracts proposed or otherwise. It CERTAINLY did not show that GTLL had any contracts. Inference that it did was just a pump as it was a false statement.
Do you mean like the rank "speculation" that the 8K shows GSA contracts?
Yeah....the "cherry picked" reference to the VWAP was the highest it has been in weeks. That was why I said it was a good day for Turdsville.
So you didn't even read it, the part about the new "management" taking ANOTHER 70% of the company from existing shareholders?
How pathetic.
Yes....and in other words: If they live up to their promises, they will give themselves almost all of the shareholder equity for doing so.
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Good day for Turdsville: Volume = 215,440; VWAP = $ 0.003072; Dollar Volume = $ 662;
I should have said that it doesn't apply to the moo moo crowd, although Ben may wear a rope. We would never know because the location of his former waist is a mystery.
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As people have to tighten their belts, such 'luxuries and conveniences' start taking a back seat in the budget. Inflation is a mean tax and very likely to further hurt SnL.
The "news" that they released was that the previous news of 2022 was BS so it was restated it again in 2023. And that was also admitted to be BS so they restated it again in 2024.
All it really said was "fool me once, shame on you, fool me twice, shame on me. Try to fool me 3 times and I am out of here because I was an idiot".
This is a scam.
But at least we got a bar built by the chef in Guelph. Because that is what SnL chefs do?
Please don't bother Susan. She is busy painting and sawing. Because SnL is a professional organization. No incompetent contractors allowed.
Wonder how that Chef-built bar did in Guelph?
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Maybe she can help getting us out of Afghanistan too? But in the meantime, we will be conducting our business from the sky, right?
Disastrous shutdowns are orchestrated by incompetent people.
This is not "news". It is just a restatement of the "news" released July 05, 2023 08:33 ET, which was itself a restatement of the "News" released October 07, 2022 09:20 ET, which itself a restatement of the "news" released.November 08, 2021 07:50 ET.
Just like there will be one filed every year from now...or at least as long as the company can find suckers to give them their money.
When does a half truth become an overt lie?
When the person has an obligation, fiduciary or otherwise, to tell the truth. That means the WHOLE truth. This management lies daily to shareholders.
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Yes....I see where you have told them this. Thank you.
But it won't do any good. They have stolen control of the company (as well as millions of dollars) from the shareholders and they are not going to give it back.....voluntarily at least.
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I'm losing my hearing.......
I appreciate you posting this every day. In a manipulated low volume stock, it is the only REAL measure of the price history.
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But....but....but....there are funding a clinical trial without spending any money on it. Isn't that a sign of great management to be able to do so?
Or is it just another in a long series of scams? All we have here is 2 guys using toxic funding to pay themselves for doing nothing but lying.
Yes....just a scam.
Name something positive about it.
Now there is an idiot who doesn't know that the preferred shareholders get preference on any dividends. Hence the name "preferred" vs "commons". Same as in re-organization (Bankruptcy). They get to keep their shares while the commons lose theirs.
And all this time, these idiots act like the preferred shares are worthless and didn't cost them anything. Sheesh.
I have shares, I want something good for the shareholders. That good is to get decent management and take back the equity stolen from us. But that has been to no avail because of the constant touting and support for those crooks.
Hating shareholders for hating management. How pathetic is that?
You have no idea how much hate was directed against me 6 years ago when I was the only dissident against this management. My PM box is full of HUNDREDS of the most vile attacks. 6 years later, those haters, who have now been shown to be wrong, are crying about being called out for their actions. Ahhh yes....the tears are flowing.
Anybody who refused to see that management was/is a fraud at best is indeed an idiot. They don't even care that "management" has stolen over $5M from the shareholders. Works out to an average of about $1.7M for the 3 of them.
The idiots are still swarming this place. Maybe you should leave the swarm?
A proud "doinker: here:
So if someone felt management needed to be replaced, they would be a "doink"? How about if they have said they needed to be replaced for over 6 years now?
6 years ago when the stock price was $.1416
So funny......"haters" hating haters...because "they" feel they have the moral high ground.
Just rantings of the delusional.
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So you don't do PERSONAL attacks? Instead you attack "this bunch here"..
Pathetic.
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Correct. The income statements show that there is no income. The balance sheet shows that they have lost $170M of shareholder money and are insolvent.
The number that speaks loudest to me is the over $20M of losses since Roger and Larry stole the company from the shareholders.