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Friday, September 09, 2016 10:14:48 AM
So now that they did a shelf offering, I completely understand what he meant by "he was confident" and "not worried" about getting financing. He was just going to dilute the stock and go back to the shareholders and fleece the hell out of us. That was and is their "Plan B". This company is about to be flushed down the toilet from an investors standpoint. If this shelf offering doesn't bring the necessary money to get operations back up and going this investment (from a value standpoint) is done. There is no "hand shake" deal with anyone. They have zero potential investors other than the sharks circling the water waiting on them to drive it to a point where they can swoop in and buy this out for pennies. This shelf offering better be a home run folks.
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