Thursday, April 14, 2016 10:31:18 PM
Guess I was correct when I told you they wouldn't file the 10K
How many people now believe that I know what I'm talking about when I said they don't have the money to pay for the audit thereby their inability to file
Anyone on this board who owns more than a few million shares is just burning their money, the convertible debt holders have you outmatched by a long shot
RS is coming in the very near future
Assume the 1 Billion shares dumped today were debt conversion, that would equate to $50K of debt relieved from the balance sheet
Company had 2.795 million in debt as of 9/30 which would leave 2.745 after today
2.745 would convert into 54+ billion new shares, that's a whole lot more than what's authorized so company would have no choice but to do a RS
Anyone holding now is basically screwed - so much for all the great DD
And this just keeps happening, hard to believe there are that many people that think their going to hit it big on this or any other sub pennies - you'd have been better off putting your $$ in a savings account
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