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Re: VERAX post# 111040

Sunday, 08/30/2015 12:43:29 PM

Sunday, August 30, 2015 12:43:29 PM

Post# of 123645
I agree Verax. Pulling off MRIB 2.0 was quite a coup. The only MRIB 3.0 we will see is a lame attempt to keep the stock trading. Stupid events, Instagram and Facebook posts, fake job postings, etc. It's also obvious that the A?S must be substantially increased in order to meet even the smallest of the MRIB debt obligations. Bodie alone represents an already maxed out A/S with his 500 million share reserve requirement. The PPS should be less than 1/3 of what it is now given that new information recalculating real market cap. I really don't see any other possibility for MRIB other than a reverse split. The market for a $.0001 stock that's actually worth a lot less and 4 or 5 billion shares out is not a good one. MRIB would need more than $10 million in sales just to support the current PPS. The math is simple. $5 million net of cost at a 30% operating margin leaves $1.5 million at best over 4 billion shares or a PPS of $.0003. Reverse split is the only way.

It's funny. I called this a year ago and put up the math. Many laughed and called it ridiculous when I said there was the potential to see 4 billion shares or more in the near future. Well that time has come. I see three deals alone in this latest report that would require MRIB to go to 4 billion. There are no less than $750K in loan conversions to be covered at between 53% and 75% of lowest market price. That's 2.5 billion shares. With Bodie, we're at 3 billion. Current is 1.2 billion which brings us to a tidy 4.2 billion. Like I said. Simple math.