Hi, I was curious to know everyone's opinion on the latest 10-Q. I noticed that on page F-13 sectioned under "note 6 stockholders' equity deficit (continued)", "During the three months ended March 31, 2014, the Company sold for cash 2,120,000 shares and twenty-four month warrants to purchase: (i) 4,240,000 shares at $0.70 per share, and (ii) 2,136,960 shares at $1.00 per share, for net proceeds of $338,687." compared to December 31st, 2013 which sold at $0.50 per share.
Wouldn't this mean this stock is way undervalued? If so, why are the prices being held down? Why isn't anyone hitting the ask at least around $0.70? Should we be taking the shared responsibility of sustaining this stock or are we remaining patient and waiting for the company to deliver the product? Personally, I don't feel like waiting a few more years and I don't understand why we aren't consolidated at $0.70 already.
Also, I feel like everyone should of known the appeal was going to be dismissed based on the current sanctions in Russia and how it's effecting Visa and Mastercard. Now Russian banks are turning to Chinese payment systems. China just happens to own around 1.2 trillion in US debt and I don't see how they'll have any issues lending out credit. Why would the Federal Appeals Court let Visa and Mastercard fall even harder than it already is especially when the United States is dependent on credit too? I can't think of any rational reason as to why the price should've dropped so low after the news...
With all of this being said, someone tell Chaya to stay away from the American financial system and go to China and Russia to capitalize off of what's going on. I would really like to retire at 25 haha.
