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Saturday, March 23, 2019 5:30:57 PM
Here are the absolutely insane and nonsensical statements about the reverse split:
Claim: The reverse split was required by Big Institutional Investors, and a huge injection is on the way.
Reality: Institutional investors don't invest in capital structures, they invest in REAL COMPANIES. The reverse split has no effect on the miserable sales and ginormous losses resulting from incredible scam notes and converts, and endless self dealing.
Claim: That Institutional Investment will allow company to qualify for additional financing to buy back their own shares.
Reality: This POS garbage stock already hemorrhages cash for debt payments to insiders and can't possibly support additional debt. No legitimate bank or financing operation will touch them. Changing the share count has zero effect on payments to debt holders.
Claim: Earnings will grow faster With fewer shares.
Reality: The share count has absolutely no effect on sales or losses (there are no profits.) The dollar value of those items remains unchanged.
3)There will be MULTIPLE forward splits in the future here because some other unrelated company has had forward splits.
Reality: Does this really even require a response?
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