InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,035.69
(
-1.57%
)
US TECH 100
17,061.60
(
-1.44%
)
Dow Jones
37,815.92
(
-1.49%
)
Brent Oil
86.04
(
-1.43%
)
Bitcoin
59,781.98
(
-6.35%
)
Post# of 47873
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Replies (3) Keep Next 10 Report Keyboard Shortcuts
Replies (3) Next 10 Prev Next

crony

Send PM Follow Ignore
Followers 0
Posts 54
Boards Moderated 0
Alias Born 08/08/2011

crony

Re: zeynoc post# 28056

Sunday, 10/04/2015 1:11:53 PM

Sunday, October 04, 2015 1:11:53 PM

Post# of 47873
The fact is DMRJ can pull the plug at any time they please by not providing any more extensions. Then they convert all the debt into shares at 8 cents resulting in them owing 95%+ of the company. The worst part is they can do it after the company is profitable (but still in huge debt). So as soon as they convert all the debt at the lowest possible price - they will enjoy owing a profitable company with a clean balance sheet.
There is no point holding this stock until that happens.
Public Reply Private Reply New Post
Keep Last Read
Replies (3) Keep Last Read Next 10 Report Keyboard Shortcuts
Replies (3) Next 10 Prev Next

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up