Friday, April 17, 2015 3:32:44 PM
Schadel needs 40 billion shares to pay off the current toxic obligations.
40 BILLION!
And like you said, that's at a pps of .0001, but we see frequently now that the stock is dipping far below even that price and trades for the entire day are not breaking even $1,000 when there are any trades at all.
All the RS will do is delay the inevitable: closed doors. There simply is not enough interest in this stock to keep it public and the debt is catching up fast to Schadel. I think he's behind with the note holders at least $1 million per the 10K and God only knows what happened to the $1 million he owed the IRS for 2013, but wasn't mentioned in the 10K.
I'm thinking this stock will either go dark or end up LTNCQ before the end of this year.
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