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Re: mariosmack post# 14016

Tuesday, 08/22/2017 1:02:52 PM

Tuesday, August 22, 2017 1:02:52 PM

Post# of 31087
Good points. While an argument can be made of standard GAAP language (http://www.bakertilly.com/insights/going-concern-fasb-issues-new-standard-on-reporting-adverse-conditions/), the company can provide earning guidance to assist current and new investors to make decisions.

New CFOs, especially ones commissioned by shareholders with majority voting or company control, will squeeze every coin until it screams. A little dramatic, maybe.

In recent history, an NT 10Q and Offering notification was filed. There are many reasons to be late. Yet, there a fewer reasons for issuing Offering - Dilution: to fuel substantial cash burn and/ or debt service.

Take care in putting such trust in a "Billionaire" who has little or nothing to lose; now or in BK.

It's called a confidence game. Why? Because you give me your confidence? No. Because I give you mine. -House of Games (1987)

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