Thursday, February 04, 2016 11:50:54 AM
BaSUE wanted to protect herself from a Reverse Split she will effect when FINRA approves. She exchanged her common shares for Series B Preferred that won't be reverse split and can be converted back whenever it suits her. Then she told investors it was for them. BaSUE'S BULLSHIT!!!!
FINRA didn't approve HER reverse split plans. It's ok for her though because those Series B Preferred are CONVERTIBLE AT A DISCOUNT so she'll wind up with more shares anyway. She can re-apply for FINRA approval of a reverse split at a later date. Meanwhile, any time she needs cash, she can convert some of her shares AT A DISCOUNT and tell investors it's for them. BaSUE'S BULLSHIT!!!!
Remember BaSUE initiated the Reverse Split process and the conversion process without any prior notice. She can reverse the processes without warning the same way. The amendment authorizing the reverse split is STILL IN EFFECT!
ROTFLMAO!!!!
Good DD IS NOT just reciting the PRs and company handouts and looking for the good. Those things are never hard to find.
Good DD IS finding out what the company and CEO do NOT want you to know.
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