Wednesday, December 06, 2017 1:46:55 PM
Victor has made a killing with his loans, convertible debt and now more toxic funding. Shareholders just lost roughly 80% of their value in the company by this funding stunt alone!
Let's do the math using your previous assumptions on the float!
You claimed the Float was only 5 million and now it has risen to 25 million!
5 million X $.20 = $1 million Market Cap for the Float only.
Now divide the $1 million by the new float and the adjusted PPS drops to $.04.
$1 million / 25 millions Float shares = .04 per share!
What a coincidence that the execution pps in the filing is $.0375! That represents the new value of this company. The best is yet to come for sure, because it just keeps getting worse!
Some may say, but Clonefan you are forgetting they just received $750k from Victor in cash! That is correct, but that money has already been spent per the last 10Q. They have accrued so much debt and interest on that debt, and now have another mouth to feed with the recent hire.
I'm sure they will keep pumping out little stories here and there to keep some folks attention, while they continue to dump more shares into the float. I knew it was just a matter of time.
Watch the pps fall back down to the $.04 range folks.
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