Pulse Beverage Corp. (fka PLSB)

[gumbie05]

Your quote;
"Also, who are the Yates "family vultures" that (I believe) Gumby referred to a while back? I was equating them to Geezer's senior preyers."

I'm referring to small little hedge funds (typically managing anywhere from $2M on the low end to as much as $30M or so of private investment money) that call themselves "Family Funds" or "Family Offices". They do this as to sound less intimidating than a "Hedge Fund". They approach companies like PLSB and promise management easy funds to take out "aged" debts (debts held at least six months), aged payables, as well other aged Notes. (Mis)management of companies like PLSB soon realize that without these TOXIC notes they can't pay their own salaries and "administrative expenses" so they grab what they can only to kick the can down the road. What they ("family funds") want is a quick buck by converting such aged debt into free trading shares at a 40-50% discount from the lowest trading bids of the previous 30 days (as long as the the debt is six months old and the company is fully reporting it still falls under Rule 144). These "funds" act like they're investors but they're not willing to take on any risks. Look at PLSB's last 10Q and you'll see the list that reads like a who's who of the underworld of TOXIC financing! Better yet, google their names and see the whole hosts of other companies they "fund" and they nearly ALL look like PLSB's chart! Maybe 1 in a thousand manage to get out of this funk but the biggest RED FLAG was this past summer when PLSB took MULTIPLE rounds from MULTIPLE TOXIC funds!! That might have been the straw that broke the camal's back!

I've said it before; PLSB "should" get a bounce soon but those TOXIC "family" funds could end up destroying any shareholders' equity and PLSB will be forced to do a REVERSE STOCK SPLIT once it reaches 3 BILLION SHARES issued and outstanding!!
- SMH