Tuesday, December 05, 2017 8:17:53 AM
I was also hoping for a pop until the convertible note came to light. Along with the EPA and the tens of millions of Rule 144 shares issued for "services" that are now free-trading, there are just too many shares to be absorbed.
Watch for a huge amount of tax-loss selling between now and the end of the year. There are big gains in the stock market this year and people will be selling their losers to offset gains instead of hanging on to their dogs.
Also, look closely at the 10-K if they put one out. You will see key dates when loans are due. That will be your key to when they will be forced into bankruptcy. They are starting to fall behind with no means to raise enough cash through stock sales. The death spiral is accelerating as it races to join HLXW at .0001.
They may not be able to find another accountant sleazy enough to sign-off on their books. If not, they will be kicked off the OTCQB and will have to go to the Pink Sheets or Grey Market. Lord help you if that happens!
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