Wednesday, May 27, 2015 10:35:48 AM
That leaves us with either insiders or more toxic financing. Well, there haven't been any more new issues since February. It's possible that perhaps some of the shares issued as a result of toxic financing were held and are just now being dumped but that's highly unlikely. That only leaves an insider(s) and IMO it's Margrit in some way, shape or form.
That said, the timing is looking interesting. The pick up in volume as of late looks to me like someone's stepping up the exit and in more of a rush to get out. Perhaps an insider and they know something's coming? I'd say so and I'd circle June 15th or thereabouts on your calendar. That could be the final day for MRIB, at least before going to $.0001. As reported on the last financials there are two huge notes payable that come due on June 15th. Based on previous deals MRIB has done and having no cash to pay off the notes they will most likely turn to new shares and that would require maxing out the O/S adding 500,000,000 shares. Coincidentally bringing the O/S to almost exactly 1.8 billion. I believe the exact number would be 1,798,000,000 shares.
FEATURED DBG Pays Off $1.3 Million in Convertible Notes, which Retires All of the Company's Convertible Notes • Nov 7, 2024 2:16 PM
FEATURED SMX and FinGo Enter Into Collaboration Mandate to Develop a Joint 'Physical to Digital' Platform Service • Nov 7, 2024 8:48 AM
FEATURED SBC Medical Group Holdings and MEDIROM Healthcare Technologies Announce Business Alliance • Nov 7, 2024 7:00 AM
Rainmaker Worldwide Inc. (OTC: RAKR) Announces Successful Implementation of 1.6 Million Liter Per Day Wastewater Treatment Project in Iraq • RAKR • Nov 7, 2024 8:30 AM
VAYK Confirms Insider Buying at Open Market • VAYK • Nov 5, 2024 10:40 AM
Rainmaker Worldwide Inc. Announces Strategic Partnership Between Miranda Water Technologies and Fleming College • RAKR • Nov 4, 2024 12:03 PM