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Tuesday, September 08, 2015 9:14:41 PM
The ol' slow "Death by 1,000 cuts" - through toxic financing, eh?
So, no cash...gave out a ton of convertibles everywhere (trying to get their accounts up, I guess?)... No-one converting probably got their funds back, and kept flooding the mkt in attempts to do so - thus, driving the company to keep doing reverse-splits (to 'stem the flow of blood') by collapsing the share-structure repeatedly...
[Enter, 'The Alphabet Gang'.]
So, I guess they were 'creatively financing' themselves by not only 'running game' on "the market" - but the financing orgs, too!
~ I don't know why that gives me a slight smile, to think maybe some slimy finance company got 'theirs' in some small way - but it does!
So, no cash...gave out a ton of convertibles everywhere (trying to get their accounts up, I guess?)... No-one converting probably got their funds back, and kept flooding the mkt in attempts to do so - thus, driving the company to keep doing reverse-splits (to 'stem the flow of blood') by collapsing the share-structure repeatedly...
[Enter, 'The Alphabet Gang'.]
So, I guess they were 'creatively financing' themselves by not only 'running game' on "the market" - but the financing orgs, too!
~ I don't know why that gives me a slight smile, to think maybe some slimy finance company got 'theirs' in some small way - but it does!
Click >>> AQUI <<< 2 "Follow Me"! :-)
~ Remember: #always_DYODD...& "Question Everything"!
~ GLTY, Traders! (...you'll need it...) ;-)
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