There is a whole series of issues to address with the current O/S. We know its 152mill and we know that there are well over $200,000 in convertible notes that will start to mature the end of this month. At the current PPS of .0015 it will take well over another 150 million to cover the conversions from the 1st quarter alone. That bit of info, obtained from the most recently filed 10Q, indicates that the company is not just dilulting into the market to raise working capital but they are also taking out toxic notes to gain additional capital that the shareholders will pay for down the road. The shareholders will have to wait until a minimum of August 14 before we see the 2nd quarter 10Q, unless for some unforeseen reason the company chooses to file that report early, a proctice not before seen at STKO/FPFI. How much more in convertible notes will we see in that report? it could be -0-, its could be over $500,000. we just dont know what that number will be. I expect there to be at least 1 oe 2 more notes because, as of July 17, 2014 FPFI still has no product and still generated no revenue from production, manufacture or retail sales of a product.
Notes, up to a limit, are necessary, borrowing over 200k a quarter is fairly severe but again we wont know what the money is being used for until they release the quarterly filing.(10Q).
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