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kennypooh

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kennypooh

Re: Nistel post# 51507

Thursday, 07/25/2019 10:49:40 AM

Thursday, July 25, 2019 10:49:40 AM

Post# of 70650
Don't forget that convertible note holders convert @ 50-60% of the retail price, and it takes twice as many shares. (Note buyers make a 100% profit on all their conversions and don't really care if the SP goes down or up. SIML is still just a revolving door for note holders IMO?

Retail eventually gets discouraged from the dilution as the price erodes and simply 'tucks tail', quietly going away thinking the company just 'failed at business' ....same old story...the naïve and uniformed get hosed over time, then the insiders wash, rinse, and repeat the process. None of these scams like SIML ever succeed at any business other than selling shares.

GLTA and JMO

Please help save the earth. It's our only source of chocolate.

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