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Tuesday, December 17, 2019 9:11:24 PM
It's pretty much over - lets just face the reality here of what's become of this train wreck OTC-ville sham wow special.
Looks to me like textbook the end of yr Tomas dilution shares being issued and used (as usual) to "pay the bills" (LOL !) and them near worthless shares of course are getting insta-dumped as fast as the mystery entities "receive payment" for those vague SEC filing entries such as "services rendered" by golly.
USRM is now diluting at least 10 ma MILLION shares a month- and is still BK BROKE for all intents and purposes per their own most recent SEC 10-Q, including in default on at least one of their key large, oldest loans - uh oh, that's not good, no, no no.
Per the SEC 10-Q PAGE 1:
As of November 5, 2019, there were 407,109,995 outstanding shares of the Registrant’s common stock, par value $0.001 per share.
Now, it's only Dec 17th and per the OTC market site the O/S shares have ballooned via massive, non-stop, continuous toilet paper dilution to:
Outstanding Shares: 417,724,767 12/16/2019
Uh, the math on that tells me they be diluting (printing sub one 1/2 cent toilet paper shares) at the pace of at least 10 ma MILLION common shares issued per month, LMAO !!
That is a lot of toilet paper hitting the market- gas station, thin ply, cheap stuff grade :)
Well, where do all those dilution shares go?
To the Ask and SELL-SIDE of course. And there ain't any buying pressure on this collapsing, DOJ sued and court sanctioned, SEC sanctioned, BAD press POS, not enough buying pressure to suck up even a fraction of those 10 million plus shares that pour out continually like bad water over a dam.
USRM is heading lower- a lot lower - how can it not ???
To me, it's now only a matter of WHEN THEY FILE BK, no longer "if" they file.
Wonder how often Tomas goes and sits in the chair at the new $268 per month "virtual office" ole "world headquarters" LOL? Or, does he just sit by the pool at home and "work" from there- does one really believe he's showing up everyday at some rent-a-desk place, really? I know what I think LMAO :)
I don't see how they avoid it, unless Tomas gets on the toxic, convertible death spiral financing train again, to milk his fat cow, fat paying easy gig for as long as possible- which wouldn't surprise me in the slightest either.
IF he goes with toxic debt- the shares which have lost 99.999% of their value "on his watch" will just collapse to NO Bid eventually. Split corrected today they trade for .000003 and will only go lower.
Stick a fork in it me thinks- this Christmas goose is baked, well done.
Not much longer now- the Grim Reaper has brought their chickens home to roost- the blinded ladies they butchered will have a Christmas in total darkness, unable to see their family members, their children or grandchildren, while these hacks live fat and happy off the larges they sucked out of this OTC-ville textbook sham they've milked since at least mid 2010 when the Mikey and Kristy show all started.
Party's over though now- eh.
Happy new yr USRM - hope it's up in smoke LMAO !
Time to bury this corpse once and for all. Maybe some criminal charges if 2020 is a "good year" IMO. We can always hope.
Posts contain only my amateur opinions, personal views and thoughts. I discuss stocks as a hobby only. Always do one's own due diligence before investing.
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