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Re: None

Thursday, 05/29/2014 2:18:22 PM

Thursday, May 29, 2014 2:18:22 PM

Post# of 123645
All they have to do is report. Until then they are hiding something. No doubt in my mind and it would be no doubt in the mind of any astute investor. Stop the hype, show some real progress and figures and prove me wrong. As I said months ago I knew they'd figure out a way to NOT report... and they did. Interestingly enough, a form 15 is a twist. For those who aren't familiar with it it is of course a form filed in contemplating a BK. If not so, it is filed because they do not meet the SEC needs to file such as number of shareholders or sales. But in this case, even if they meet the test of shareholders their sales claims would not allow the form 15. My thought is that they did meet the lack of sales test and therefore could file as such but that's not what they're telling the public. They're making it look like they have lots of sales. Very simply if that was true they would not meet the tests for a form 15 filing. So, wither they are contemplating a BK, they don't have the sales they claim or they are planning on re-characterizing their stock which could be the biggest dangerous to existing shareholders.