last post of the day for me:
chip, you are correct, and that all would make a financial for 2018 Q4 look bad (dunno how it could cause longs at this point to panic sell)
but that wasn't my theory. my theory has been that ballas will SKIP posting q4 2018. plenty of other POS penny stocks have stopped filing or just flat out started posting ridiculously cooked books.
it's kind of a tribute to ballas'....stupidity? naivete' that he was loyal in filing quarterly reports so long!. My guess as to why is because before 2018, it was working for him. driving his share price up to 4 cents in 2017, then he diluted, then back up to 0292 in early 2018, then savvy investors (before I did my DD) realized he wasn't the smartest guy in the room on a conference call, and then a steady decline to 0051 (it's low in 2016-2018 and right on through to trip 1.
Ballas does seem to have a pattern of doing the same thing over and over again, (when it once worked for him) expecting different results. that's why the abandonment of crytobuy, looking at google ambassador and name change, even though one could argue name change was on the table before, is late, but at least he's doing something different. perhaps even the lock on the 5B shares is also true ...we shall see. maybe he paid some of that toxic debt with the money he made.
he still diluted harshly and foolishly. but I think this time he realizes, or his advisors are telling him, that with CBD on the rise, the market soon to be flooded, that he can't just play dilution pig games. sure me and other loyal longs may lose everything, but we'll take out lumps, and not buy in. and if he continues to RS and dilutionpig….we'll all go chase CVSI and MJNA and whatever other pennies ride the wave when CBD gets its sector pop.
he basically has a year to live if he decides to not treat the dilution pig cancer. will he live it up on the money he has left, making thousands in dilution, or will he try to get chemo for it, with a change to make millions in a growing company, or a brand he can sell to a competent distributor for tens of millions?
My guess is Ballas is a complete idiot. but, his team of crooks....there's a few smart eggs in the basket.
or that's my hope. I can say that if it looks like this thing RSes and heads down....I'll consult the brains in the cartel...but I won't be tanking up....I'll just take my lumps and walk away, curious to see who next buys up the continuing tanking stock post RS. I won't feed the pig anymore. I got plenty of 4s, 3s, and a great amount of 2s. Don't think I'll get 1s. still more hopeful than not though that this will turn around. I think I'll get more than my money back on the entire stake.
