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Tuesday, April 21, 2015 8:23:23 PM
Yeah, cause the ole "conference calls" in the recent past have equaled such huge successes on this one, LOL.
Check out the last "conference call" (Feb 4th, a Wed and after-hours) and how "big" it went after that one.
Went "big" after that "conference call" - big DOWN, like straight down, getting more than cut in half in share price. It made its all, all, all time low only a few months after that conference call.
DILUTION appears to trump all news on this one IMO. Just too many 10's and 10's of millions of low priced dilution shares out there now on it- from the likes of their constant use of toxic, convertible debt financing via the like of Magna, Asher, KBM Worldwide, Daniel James, Fourth Man and now Vis Vires to name some of them. Including use of toxic, floorless, convertible debt deals as recent as Jan and Feb of 2015.
They also dished out over 65 MILLION dilution shares in just Jan, Feb and early March of 2015 already- and that's after essentially doubling the O/S shares in 2014 via issuing out approx 300 MILLION shares of pure, GRADE-A, raw dilution shares. They dilute essentially un-ending, on-going, constantly for survival cash. That mass dilution is now coming home to roost IMO and there's nowhere near the buying pressure to soak up all those low priced shares.
Look at the recent drop to .0046. Some toxic lender/hedge fund more than likely just did a convertible debt "conversion" right during that period- meaning someone just got themselves more than likely 10's of MILLIONS of shares in the .0025 range or so. Shares that will soon hit the Ask/sell-side along with 10's of million of other low priced shares- a near bottomless well of those cheap shares, as the company is for all intents and purposes a dilution machine per their own SEC filings and the ever climbing O/S share count. They presently have 2 BILLION shares authorized to be issued- and are well past 700 MILLION shares O/S now by mid to late April. 65 MILLION shares being issued even before the first 3 months of 2015 were over.
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