Wednesday, January 21, 2015 2:40:32 PM
This one is dead. 1 million shares to 1 in 9 months, that is the effect of the 2 RS if you owned 1,000,000 shares in March of 2014. This company only prints shares. their patents are worthless because if you cannot monetize a patent, and they cannot given their reported revenues, then in fact that patents are worthless.
the combination of bad products, almost no revenue, dilution at warp speed, almost$40 million in cumulative losses, +$11 million in preferred debt, 3 shareholders with limited stock who have 80% voting power, and a CEO who has made too many false statements to ever believe again.
I chuckle when Trackwizzard touts the stock, but he has been doing that for a long time and he is one of the victims of the 1,000,000 to 1 RS and dilution. Anyone who just looks at the P&L, cashflow, corporate governance and history will know that this is a POS.
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