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Re: livinginsv post# 22847

Sunday, 05/25/2014 5:46:51 PM

Sunday, May 25, 2014 5:46:51 PM

Post# of 30046
Still you miss the point. The 2011 lenders were brought in to cause the downward spiral..Gold was right..Why would the 2011 lenders invest 8 million dollars in a failed test at the time. The lenders were paid 750,000 dollars for two consecutive months and then the company didn't pay another single payment..Then the lenders dismissed their default lawsuit and agreed to take equity for the debt. This was the reason the 2011 lenders came along to bring the pps down and increase the Authorized and the reverse split..This was a great idea to bring them on since Provista wasn't able to do a stock for stock merger in 2010 because the majority of the shares were in retails hands..Remember at a dollar, all the retailers wanted 2.50 for their shares? The 2011 lenders were brought on to make the merger between ProvistaDx and Radient. Only now the creeping takeover groups that were handed their shares at .0001 and .0002 was a blessing in disguise..It was very creative yet legal. The lenders made this new takeover possible.Like DC said, we just wait and see....I laugh when the detractors think that the 2011 lenders were deceived by Mac... lol Thank you Mac and thank you lenders for handing the shares over to our new takeover groups....The 8 million dollars was at the time when the company increased the outstanding from 40 million to over 100 million in December 2010 and January 2011...The pps was as high as 2.20 and 1 dollar a share at the time..Where did the money from over 60 million shares go? And why would the company need a measly 8 million from the lenders? imo....Wolf

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