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Alias Born | 02/28/2011 |
Monday, November 30, 2015 4:31:59 PM
C'mon now !!!!!
Authorized shares went from whatever to 5 BILLION ??
Why do you think that was ?? Why would CHIT increase it that much? Why?
I don't consider myself an experienced trader.. Heck, I don't even consider myself a trader at all.. But the writing was on the wall for all to see clear as day in my opinion.
The CEO said so himself in his July 10-Q !!!!
"The continuation of our business is dependent upon us raising additional financial support. The issuance of additional equity securities by us could result in a significant dilution in the equity interests of our current stockholders. Obtaining commercial loans, assuming those loans would be available, will increase our liabilities and future cash commitments."
http://www.sec.gov/Archives/edgar/data/1421865/000107878215001127/f10q053115_10q.htm
He didn't hide anything imo. Read the filings. It says everything one needs to know imo.
I thought those who were supporting this were just fooling. Surely they didn't believe in anything else, right?
Wow the things kool-aid can do to some !!! C'mon now folks !!! Isn't this how OTC stocks work?
More news will be forthcoming I'm sure (in my opinion).. This will go up and down a few more times.
Then BANG !!!!! REVERSE SPLIT in my opinion !!!!!!! And it will start all over in my opinion.
CHIT ain't done in my opinion. Preferred shares is where it's at I believe. Not sure how one goes about getting those but man was the writing on the wall this whole time in my opinion when it came to the common shares of CHIT.
I hate posters who don't believe in what they post.. What a bunch of CHIT !!!!
GLTA !!!
May see .0001 tomorrow.
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