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I think tomorrow will be key. It

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supyoscn Member Level  Thursday, 03/08/18 08:36:41 PM
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I think tomorrow will be key. It did OK with the news this morning, but the bomb that they are increasing the AS 4X hurts. I really was expecting maybe 3-4 billion AS not 8 billion AS. If it holds .002 I think we should be OK.

Rik REALLLLLLLLLLLY needs to start telling us his plan here though. I am not an expert on filings but what I am reading is saying that in order to fulfill their current note holder debt they need to reserve 4 billion shares. I honestly thought they had most of those notes converted already during the death spiral last year from April-Dec so this is very surprising as that is almost 11 million at today's closing price or 4 million at .001 or 2 million at .0004. Did the conversions last year do absolutely nothing to paying off the notes...seems like it.

Overall pretty disappointing day but I am holding to see what happens either way.


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