Monday, August 27, 2018 10:40:18 AM
Currently 16MM+ shares on the Bid at .0001.
It's baffling that an existing "big" holder wouldn't take the opportunity to offload (sell) 16MM shares and pocket the $1,600.
It's just soooo obvious the RIGH price will never get better than this.
I mean come on...
The SEC has settled the fraud charges with CEO Aaron "Angel" Stanz, fined him over $158K, and enjoined him from participating in any penny stocks for FIVE YEARS!
(See IHUB Intro)
And if that weren't enough, there are 65 BILLION fully diluted Outstanding Shares.
No one will even buy the shell with this share structure and the outstanding debt (I forget the numbers, but it's there).
Or if by some miracle, someone wanted to buy it they would HAVE TO Reverse Split the crap out of current holders, bringing their worth down to near zero.
So why wouldn't a long-term holder take the chance to at least recoup $1,600, have a nice weekend somewhere and leave this nightmare behind?
Yeah, yeah, I know the answer....
"Well, I'd feel like such a fool if something magically happened and my millions of shares went to a penny... why should I give up that chance?"
Truth is... it's not even a chance.
It's just not gonna happen.
Me? I'd be hitting ANY bid all day long... but that's just me.
Hope springs eternal in pennyland, but it's a money losing proposition in RIGH.
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