Tuesday, May 24, 2016 12:15:44 PM
If it opens tomorrow at anything higher than .015, I will be surprised. I have a fair amount invested in this based on what were good indicators. That bad indicator that just dropped our shareholder value was the RS and conversion of his preferred stock into 80 million common with another 12 million issued for his "compensation."
We had around 3.5 billion common shares issued before the RS. Remember that? Tom pulled the 1:500 RS and ended up with about 7.1 million issued at a value of .05. But then what happened? We went from 7.1 million issued to 111 million in the blink of an eye from Tom's action in the previous paragraph. So the real value of our common stock (since the company assets have not changed) is not the new .05 but rather 10 times less. The true stock value price is around .005.
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