Thursday, August 21, 2014 6:55:22 AM
Please don't call Mr. Steve an inflamed boil that is not nice.
In addition, they do have medication to treat inflamed boils.
I believe we have seen the bottom of this stock because, unless there is a change in the formula for the lenders, a discount of 65% from the lowest price, as defined and disclosed in the financial statements, would mean that at .0002, the financier would be converting the stock at less than par.
I am not a lawyer, but I know that when you buy something at less than par, there is a subscription receivable due from the buyer, I am not sure if that is the same rule about converting debt and how that would be treated from an accounting perspective.
Oh well, still waiting to see the Q which, according to some on this board is late, but better late than never. I did hear a rumor that the accountants are trying to figure out the earnings per share but, I think that is an unfounded rumor.
Do not buy or sell the stock on the opinion of meadow2009, these are only observations made from the opinion on others and the information available through public filings signed off by the Companys independent public accountants and management
Cheerio
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