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Re: Penny Stocks 2.0 post# 1326

Wednesday, 10/28/2015 2:40:10 PM

Wednesday, October 28, 2015 2:40:10 PM

Post# of 10756
Yes, the filings explained the serious dilution the reverse split has caused. It all stems from the 8K disclosure of the company not being able to meet the loan doc terms requirement of reserve shares. Management is at fault for not putting stop-gap measures in place, including considering the falling stock price affecting those ratchet provisions. This may affect shareholders negatively short and long term. Incompetence. Will be back in a week or two depending how things go.