Sycamore Entertainment Group Inc (SEGI)

[Fitman]

You are all forgetting one very important fact.
Sure it is ok for a company to take on debt if it is going to generate revenue, but with SEGI there has been no substantial revenue to justify the debt from the last 4 years. 4 years is plenty of time for a company to generate revenue and Ed and SEGI has not done anything substantial ! There is no denying this.
Remember Ed just took out approx $500k in new debt in the last quarter besides what is already outstanding. The terms of the new debt is a conversion rate of 50% of the closing price of the last 10-20 days. Which means this debt will turn into over 800 MILLION NEW shares in only a matter of time. So you can take the A/S and O/S count and throw it in the garbage because it does not take into consideration for the fact that the "real" A/S - O/S is really in the BILLIONS as compared to the "official" share count which is at 1 billion A/S. Also don't forget there is other older debt that will be converted that will make it Billions more. So the argument that the share count is low is total BS and the public obviously sees this as there is no movement or interest in the stock. The only person making money here is Ed!!!
And for the big shareholders who bought millions in the mid trips, don't be fooled by what your "paper" account balance is , you would be lucky to break even if you actually tried to sell that many shares!
SEGI will not go anywhere with or without an audit unless Ed can pull off some pump and dump scheme in the near future but since his word and track record is severely lacking i doubt that would even work. For all the Canadian bag holders I still don't think Ed will get the audit signed off on and done so you will probably never trade your shares again . Sorry for your losses!
IMO