Revenues Are Eaten Up
That's right. Revenues are eaten up faster than they can come in. That's why the company had to trick investors. And they needed to do it fast. The company knew that if they did not get this over a dollar for ten days prior to the quarter report, that they would not have the chance again.
So they concocted a pump-n-dump campaign scheme. A scheme supported by repetitive and amplified stories of grandeur. "This quarter will be profitable"... some yelled. "No dilution"... some screamed. "They're saving lives"... some claimed. But millions and millions of revenues, are gone. Millions and millions of investors money, are gone. Lives have been destroyed... not saved. And so they take on the accomplishments of others, only to fool you. Skewed conclusions that are nothing more than far-fetched and unethical false self-promotions.
Meanwhile, those in the loop take your money. Insiders sell and dilute their shares. ATM dilution goes into full throttle. Convertible notes diluted into common shares. Warrants diluted into common shares. Rampant, rampant dilution. All layered on top off the constant devouring of any and all revenues. All toxic.
They had to do it. They had to do it before you found out. They had to do it before you found out there were no profits. The had to do it before you found out massive dilution was taking place. They had to do it before you found out there were no good deals. They had to do it before you found out the EPS was approaching negative infinity... instead of the other way around. At least you thought it would be a negative 2 cents. But it was a negative 8 cents. What happened? Well, you know what happened. Now the red ink has spilled out and onto the streets.
Beware of those that still hang on for hope that the pump-n-dump scheme will retain some traction. Hoping for that next pr. Hoping for that next collaboration. Hoping for more Forward-Looking Statements to trick others out of their money, as to get back what was taken. And yet, just another viscous circle.
J M O
