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Re: cintrix post# 4442

Thursday, 05/19/2016 3:41:04 PM

Thursday, May 19, 2016 3:41:04 PM

Post# of 6251
The A/S was 750 million and the O/S was just about 695 million.

After the 55 million trade, the CEO (the sole employee) submitted a filing to Nevada SOS creating a group of Preferred shares.

I think the A/S just got maxed somehow with the 55 million trade and the preferred shares are meant to protect the CEO's shares with inevitable reverse split.

The 10k that came out yesterday stated that the company needs to dilute to stay in business and actually warned that the A/S may have to be increased to 3 billion because of toxic debt.

I like a good mystery. Unfortunately, I think a group of shareholders is about to get screwed. I wish I could short this stuff, lol.

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