And......almost 300,000,000 warrants issued!
Fully diluted they are already over their Authorized Shares.
They will not issue 1 share, never mind 220M...unless another R/S or A/S increase.
That is why it is debt, debt, and more debt.
If they can pull a rabbit out of their hat and restructure their current liabilities, that is only a stay of execution if revenues do not drastically increase.
If revenues remain stagnant we are facing bankruptcy once again and we will all be receiving a letter in the mail asking us to vote on a R/S and A/S increase.
There is a higher probability my investment turns to zero than turning a profit here...and my average is under $.50/... That is the cold hard truth.
There is no manipulation here. The shares are at this level based on the fact the company is on life support (once again).
