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Monday, March 04, 2019 8:56:24 AM
it's easy for Ballas to report a profit:
1- he can just fudge all the debt numbers.
2- where other companies might put every last bit of earnings against the debt to pay it down, Ballas can still even report his non convertible debt honestly, NOT pay it down 100%...and leave a little for profit. Similar to say, skipping a mortgage payment on your house (going into additional debt later with penalties) but claiming that skipped mortgage payment as addition to your bank.
but indeed, hopefully it might bring in new blood to soak up what might be another toxic dump today. I'm still hoping that Ballas doesn't increase the o/s into those "locked" 5B shares, hopefully by now he KNOWS a BUNCH of us are WATCHING him very closely on that.
but he still has MMs churning this thing at 1/2 for him. actually hopefully, so he doesn't need to dump those 5B shares. if the Mms are sharing their 1K per 1K invested profits with ballas, he might not need to dump.
I actually feel sad for new blood if and only if this thing doesn't get let go and it pops huge in the future.
I still am more than 50% optimistic for a brighter future. sadly, I'm only 2% optimistic that that brighter future will be today.
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