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Tuesday, June 06, 2017 3:19:02 PM
I don't think so. More bullsheetish and full of fluff.
The reader can decide and invest accordingly.
Those thinking that a startup company can handle that kind of debt and simply pay it off are foolish.
Why didn't he climb into a cheaper shell. There are plenty out there with far less debt.
And that still leaves over 2 billion shares and they need more money.
As sincere and honest as some think Bishop is - it will not help this debt situation.
The best he could hope for is after it's been drained they let him off the hook and he can go private.
That has been done on some diluted out pennies I have seen over the years.
He was pretty naive to climb into this one. But I believe greed always enters into these decisions.
And the sudden departure of his co- founder should raise a red flag as well.
The toxic funds changed hands just weeks before he jumped in. That is no coincidence as that type of debt change often precludes a pump and dump.
Just sayin'
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