Actually, its an explanation that is backed up by all of the companies filings Dave. Its not blame. The company has been carrying death spiral convertible debt for months. She was able to take the first one out, but 2 of them hit in the last few months. One in June (16M shares traded in one day), and last week. If you read the filings, 10's and 8's, you would see that those converts had a 35% discount to market. All publicly disclosed. What they do is convert their debt up to 4.99% of the outstanding shares of the company (so they don't have to report) at 35% discount to market, then the market gets tanked, THEN, they convert another tranche at a discount to the lower price. I thought you said you had business experience - because if you do, you would know this and understand how this works on OTC companies. Its called DEATH SPIRAL funding Dave.
And again, I say you expect the CEO not only to put her own money into the company to support it and pay its bills, but she shouldn't be compensated? Said by a true shorter and flipper, oh thats right.........you aren't even a stock holder, just a do gooder, isn't that right? I am not a major shareholder, but I have a nice position, and had it for years - since the company was private. You claim to have a lot of business experience, but I doubt it strongly you ever had the responsibilities of a public company CEO. Myself, and the other supportive shareholders (whom probably collectively own 85% of the company stock) are in full support of everything she does for the company. She is transparent, honest and has brought this company to this point with no money. All traits that flippers and snorters hate. Again, NO MONEY. You don't develop a technology company with NO MONEY, but she has. And THAT is an indication of a dynamic CEO.
So whatever your game is, pointing to facts without explaining the whole picture (just like the MSM), then really, be gone.
