Wednesday, July 22, 2015 3:22:54 PM
Somebody (guess who) "lent" the company money and was given a convertible note. That noteholder then sold that note to MMSM who exercised the conversion rights, took shares and dumped them. Any money the Company received was years ago and is long gone. This MMSM dump was the payback.
The question I asked is why any such noteholder would not just exercise the conversion themselves and perform a controlled sale reaping potentially twice as much money. There is only one note-holder who can not effectively do that without adverse disclosure.
This was merely a laundering transaction for him.
Once again. Shareholder money flows to Management's pockets.
SCAM!!!
I have no humble opinions, but I do have opinions and those are what I express in my posts. BUT...I have been wrong before and likely will be wrong again so do your own research and don't blame me if you are too lazy to do so.
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