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Re: PennyADay92 post# 63875

Wednesday, 08/26/2015 8:32:15 AM

Wednesday, August 26, 2015 8:32:15 AM

Post# of 70041
Setting up for a run? Thats laughable. Check the latest disclosure regarding convertible notes coming due in September.

This one is either headed to the grave or Quirks 3rd reverse split in his tenure as CEO here.

They share structure doesnt support the notes that are coming due in the next 40 days. Management has to do something about the authorized share count. Will they increase it to 5b or will they leave it and reverse split again. Either option will do nothing to support a share price above 0001-0002 as we have been seeing. Notes are converting with discounts at 0001. Some as much as 55% off that price. Thats too many shares to dole out and for the note holder to dump to allow a run.

The only chance shareholders have now is to pull all bids and allow this to go to no bid so that the note conversions dont have a bid to dump to. We have been patient, we have waited long enough. We have no choice but to turn our backs on the company until they address the issues they have created. At this point the shareholders are down 99% since the last split and management could care less. The folks here at the hub have had enough. If they dont want to fix the issues we need to escalate them to put this one to rest.

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