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Monday, August 10, 2015 2:12:45 PM
They aren't hiding the inevitable dilution spiral, some just choose to ignore it. Which, is their right to do. Jake may present a rosy picture to the general media but, he isn't varnishing the truth in the filings.
I'm still amazed at the idea that Applebox will solve all ills for shareholders. Those that believe that clearly do not understand why toxic financiers do what they do or how they make money off toxic CDs.
I have no doubt that when the bills start coming due in the form of conversions, people will be blaming shorts while insisting that a negative sentiment is hurting shareholders. Jake isn't hiding what is coming, it should be no surprise to all when it occurs.
All one has to do is read FONU's SEC filings. Perhaps the IDA board should do that.
I'm still curious as to how the lease agreement was transferred to FONU from MDNT under the terms of the initial lease agreement.
But, I disagree with many. I don't think that Jake is scamming anyone. People, including many otherwise brilliant individuals in Savannah are more than happy to invest into a coming dilution nightmare.
Fine with me, enjoy the buffet!
This post is just my opinion. I am a 100% non-compensated poster posting solely for my own interests and/or entertainment.
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