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Alias Born | 01/19/2010 |
Wednesday, August 15, 2018 8:09:18 PM
No fins, no provable revenues. Eakle issued 5.5 billion shares with pretty much nothing to show for it. He's basically destroyed the SP with all the convertible notes he's issued like water. Now that the O/S is maxed out, I assume the only thing he can do is issue more shares or reverse split the shares and just start dumping billions more shares into the market. I wonder why he won't do a share buyback?? That doesn't seem to be on the table. I wonder if its because he just wants to pocket cash from more share sales?? Rinse and repeat.
The only business that ALKM seems to be in is the share printing business. Surprised the SEC hasn't shut this sham down.
The content of my posts are my opinions only.
This is in no way a suggestion to buy or sell any security.
Consult your own financial advisors for investment advice.
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