No, not wrong unless a new SEC filing comes out showing what has happened since many many months ago. Now, if they own 80% who really owns those preferred shares? BTZO common stock shareholders holding what, billions of common shares at what, less than a penny?
And who really owns GERS? The common shareholder with what, 14-20 million shares? Does KK own a controlling interest in GERS? In BTZO?
So, who really stands to benefit if GERS gets good news? Sure, I'll admit some people (common shareholders in all companies associated with GERS) will get a bounce in price but it is KK and the legal system that will truly reap any monetary reward, common shareholders are really no more than a cash cow KK milks/milked to keep his dream alive.
KK is in the drivers seat. Not you. Not me. No one but KK and his legal team along with whomever else he has struck deals with since he stopped filing SEC filings.
If good news comes out publicly regarding GERS and the legal battle, I'm going to sell at least half and maybe all shares in GERS. If I was invested in BTZO I'd sell every share once the news comes out, because once news comes out, (if good) then I'm 100% sure some other news will come out and in my speculative world, BTZO will crash and burn and GERS will be sold/transformed and KK will reign in some newly formed company.
Common shareholders in penny stock usually get the short end of the stick. The shaft. The 'whatever', and that is obvious to anyone who has ever made a business of investing in garbage stocks. And yes, GERS is a garbage stock as is BTZO and thousands of others.
Good luck though on your investment. I hope BTZO sells a bazillion whatever-it-is they sell. And if GERS gets good news on the legal stuff I hope your stock price goes to the moon. And, I hope you sell and make millions of dollars.
