InvestorsHub Logo
Followers 2
Posts 159
Boards Moderated 0
Alias Born 09/26/2018

Re: None

Wednesday, 06/26/2019 10:34:57 AM

Wednesday, June 26, 2019 10:34:57 AM

Post# of 73454
Every day the SP will continue to slide. I seriously think this company does not care how much they dilute the stock. I am not sure where Tim got his degree from or his "CEO" training, but he needs to go back and be re-educated. If he believes silence and the veil of secrecy is the best way to run the company, he needs to move forward from the 1950s. Maybe in the old days, but today it is all about transparency and making sure the shareholders are kept abreast of any material events, including offerings and dilution.

Any respectable company would give direction in the amount of shares they plan to dilute and how much they need to relieve debts, costs restructuring, and fund some future expansion. This company has given no indication of any of that - which makes me believe they do not plan to use the dilution in that manner. If they PR and state these claims, then they are required to make good on the claims, or else they can be held liable by the shareholders. This is the reason we see no PR or any indication of what they plan to do with the funds.

I think the sentiment for the company has finally turned sour amongst the majority of the shareholders. The best thing for companies on the OTC is the "word of mouth" that goes from one investor to the next. Would anyone in here recommend this company to a family member, a friend, or even your worst enemy? i think not. I would not (sorry, using my bias for the masses). Basically, they have shot themselves in the foot. Even if the company releases the 10K and the financials are somewhat decent (which I doubt - I seriously doubt that they are 9M, just my opinion from all the lies we have seen now) we may see this pump up to ~ .30. Once it hits there, I believe they will start the dilution again and sink it back down. This is Tim's last run at making his retirement (he is 60, am I correct?), he needs to fund everything he can because this is end of the line for him. With this track record WHO IN THEIR RIGHT MIND WOULD INVEST IN A COMPANY RUN BY HIM AGAIN? This is his retirement. They are not paying off debt, paying for restructuring, nor paying operational costs.... this is strictly going to his retirement account. Think of it this way when you average down, your funds are paying for his retirement villa in the Bahamas.

This is all my speculation - I am not saying I am 100% accurate, I am saying from mid-May I pointed out the dilution was happening. I also pointed out that we would not see the 10K for a long time. I have been honest and disclosed that I had 50K which I started selling and getting out of this position back in around May 20-25. I continue to hold and keep 1K shares hoping that something may happen one day. But I have minimized my position and accepted losses on this POS. However, that being said, you do what you need to get through this fiasco. This is your money - be responsible with it in the manner you see fit.

I really wish all of you (us) the best of luck in this and all of your investments.

Cheers
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent FLES News