Thursday, June 22, 2017 12:48:50 AM
but, the CEO has lied to many shareholders in the recent past, especially around toxic notes (he promised no more would be used... only to turn around and do so).
He also put out a false PR stating that the MCV acquisition had been finalized when it in fact wasn't - and was never completed.
He also just recently raised the AS significantly over a short period of time - now sitting at 8billion... with his history of toxic debt, who knows what that's for...
CEO has been sued for fraudulent activity in the past.
He loaned funds to Hallmark (a company he owns) and then just wrote it off the books.
He took out a $300k loan with no explanation... even though plenty of cash was on hand.
And I believe that revenue may have stalled, if not dropped a tad over the last quarter or so (admittedly not as up to date as I once was)...
Last red flag, the obvious pump that hit this board recently.
Again, not sure if that's helpful or not, just my take on your question.
GLTY!!
Everything I post is my opinion and only my opinion - if you read enough of my posts, you'll probably realize it's not an opinion that you'd like to take as advice or a recommendation. You've been warned.
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