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Toxic Avenger

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Toxic Avenger

Re: Cast Iron post# 8329

Thursday, 12/24/2015 11:03:22 AM

Thursday, December 24, 2015 11:03:22 AM

Post# of 51035
Not really. They owed $1.2 million and had $5 in cash, around $150k in receivables.
They're acquiring the other company.
What can they exchange for their negative $1 million in debt?
Shares in SPOM is it.
So massive dilution, probably via a reverse split.

Count on it. Stock isn't even worth $.0001 now.

“No one in this world, so far as I know — and I have searched the records for years, and employed agents to help me — has ever lost money by underestimating the intelligence of the great masses of the plain people"
H.L. Mencken

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