InvestorsHub Logo
Followers 0
Posts 45
Boards Moderated 0
Alias Born 11/25/2018

Re: ValueInvestor2017 post# 6852

Monday, 12/03/2018 5:35:41 PM

Monday, December 03, 2018 5:35:41 PM

Post# of 7213
Their salaries are indirectly paid from the proceeds shares sold from toxic debt conversions. The boss was paid $1/2m last year. These purchases are negligible by comparison - just blatant, last ditch attempts to drive buying in the stock. This stock is a SELL at any price because there will be $50m of new selling pouring in over the next 18months at a discount to wherever the stock happens to be. As the stock goes lower the dilution increases proportionally. This company is losing $2m per month and it’s $70m negative net worth. This is a black hole - they have a $50M share printing press in the back called “CONVERTIBLE DEBT.”

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.