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Wednesday, April 15, 2015 7:19:47 AM
NO. This company has nothing but mass dilution coming. The 10-K explains it in detail. They diluted 65 MILLION shares in just Jan, Feb and early March 2015.
There's a toxic, convertible note deal, at least one or more coming due pretty much every month through the entire summer and till at least into Oct and now even one or two coming due by early 2016 if they're even still in business and not BK IMO.
Add to that, they're going to be tapping Magna continuously per their own statements in the SEC prospectus they filed - and this thing is going to be continually buried under a mountain of dilution shares.
The O/S share count by now is EASILY well, well past 700 MILLION and much more than that fully diluted.
There's no mega bounce coming- there's mega dilution coming IMO.
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