Wednesday, August 23, 2017 10:57:13 AM
There is no defending the share price and in fact there is no defending the share price anytime after the split.
And the last few days and I had seen and posted that retail with large positions we're starting to sell. The reason is everyone has a pain threshold like I mentioned in an earlier post.
I have never tried to price prognosticate. I have never tried to manipulate or " pump" as everyone calls it. I simply communicated why I'm long.
There's no way in hell I'm going to sell my shares at one penny.
The bottom line is the price decline is because of the toxic debt and in the last few days it has been exacerbated with the combination of retail selling and note holder conversion shares being sold.
No one can deny that the balance sheet is drastically IMPROVED. The restructuring and realignment effort is real.
Does not mean that the stock is going to Magically rise today or anytime soon. I have no way of knowing what's going to happen to stock price.
All I know for sure is that the company has made every effort to deleverage the balance sheet and I know they are trying to get conventional loans and when they succeed or if the succeed is anybody's guess and I know they want to get rid of the toxic debt which I have told them in no uncertain terms is what is murdering this company.
I also know and feel that the share price is almost completely disengaged with the improving fundamentals and the prospects for increasing revenues in the future.
So is the company dead? In my opinion it is not dead in any shape way or form especially at a penny a share.
I don't have to do much convincing because you all know garbage product less and service less companies with crooks running the show from their basement and penny stock traders flock around them like flies on shit.
On the other hand I have seen crooks at the helm of the Merrill lynches and worldcoms and many others as well. None of them are Mother Teresa and Mahatma Gandhi as I have said before.
Again and again I have said I am long the shares and I'm not selling a single share. I don't bash and I don't pump and I don't price prognosticate. I don't care who buys and who sells and who pumps and who bashes. I have consistently said that you must be responsible accountable to yourself and do not blame anyone for your investment choices as we are all adults.
Once again I wrote to the company this morning and although I don't expect a response continue to do my part as a shareholder to take responsibility for the shareholders because this is a publicly traded company and they need to communicate with the shareholders and do whatever it takes to stabilize the price and then increase Market valuations because this is their job.
Good morning Larry
I understand that the business of the CEO is to run the company and not be concerned about the fluctuations of the share price.
But this is a tremendously unique situation where admittedly what's happening to the share price is not apparently tied to the improved fundamentals of the business and the balance sheet and the company's hope to say the least of becoming cash flow positive.
I would like to urge you to have the company release some communication to the shareholders and dispel any rumors of bankruptcy are any reverse splits forthcoming that are not on the table in any way. The company should try to encourage the shareholders that the fundamentals are in fact improving and there is a plan in place to eliminate toxic debt.
There is blood on the streets and this is a publicly traded company and the company needs to do whatever it can to address the shareholders and dispel rumors and stabilize the share price and also why not release news on revenues if they're coming in.
DO SOMETHING. STOP THIS CARNAGE."
IMO
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