Friday, October 12, 2018 2:27:12 PM
I still have some serious questions as to how the hell any executive like Tony and the rest of the Board of Directors could have allowed this kind of deal to have gone down with Geotraq that now essentially gives away the control of the company.
I am all but certain, after this dilution/Conversion the Recycling Business will be sold off and a Dividend will be declared. Using ARCIs own announcement of $20-40 Million, Tony and his cronies are cashing out. this is the end game. You would have to be nuts to take these funds and invest further into Geotraq, you'd be better off buying a tech company that actually has a working product and some sales that is needing a cash infusion.
We have about a month before we can possibly see 3rd Quarter Results, and suspect they aren't going to reveal anything we don't already know. Given existing numbers they will again cut a similar quarter loss and their cash positions may be getting a little tight. I suspect all the SG&A is a further executive looting going down. milk this thing till it is dry.
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