Incredible. Anyone that wants to trade in the pinks should know to use a broker that will let you trade whatever stock you want. This isn't news.
No one lost any money yet, unless they bought, then sold at a loss. That is a personal choice. Not buying because of your broker is YOUR fault - use a broker that lets you do what you want.
In short, the CEO is doing what he is supposed to do, and it takes time for things to grind their way through. Mistakes are made all the time - green CEO or not - questions are asked, and answers are given. Each one takes time, lawyers get involved, etc. It isn't like BillPay, it is LEGAL and it takes TIME.
Anyone who has bought this stock could only be betting on the come - the last posted financials are a disaster and that was for 2016Q3. No assets, no revenue, massive, dilutive debt.
From the last quarterly report:
Debt Conversion to Stock Company entered into a Settlement Agreement and Claims Purchase Agreement on August 10, 2016 for a total of $325,000.00 in debt. Shares were converted into stock based on a draw-down of the debt pursuant to a court action based on a Section 3(a)(10) legal opinion as follows:
Date Shares Issued Price Per Share Amount of Debt • 8/23 85,000,000 0.0005 $42,500 • 9/01 70,000,000 0.0002 $14,000 • 9/08 87,000,000 0.0002 $17,400 • 9/15 54,000,000 0.0002 $10,800 • 9/23 85,000,000 0.0001 $8,500 • 9/26 120,000,000 0.00005 $6,000
TOTALS 501,000,000 Debt Draw down as of 9/30 $99,200
Balance of Debt Remaining As of 9/30/16: 225,800
