Thursday, June 25, 2020 2:48:30 PM
Why no RS in 2020
In Mid April after the RS there was 400,000 shares
In Mid June ( 2 months later ) the OS stood at 17 million
Today its probably around 40-50 million
The AS stands at 5 billion and at this rate will be hit in a few months. At that point another RS is inevitable... it will be the 4th RS in the last 2-3 years.
If you look at the 5 year chart... if you bought shares in 2016, to break even you would need the current share price to rise to $2,500,000 per share. Thats what this CEO has done to the shareholders. 99.9999% losses
He says no new toxic notes... in this I believe him, there is a new form of loan thats been taken out instead where all profits goto the investor. The millions owed on the notes however have got no smaller.
When he says no new notes, thats a half truth... a few of the notes have been renegotiated so again the debt goes higher and higher.
There is no end to the dilution. 2 years in, and the toxic debt has increased not decreased.
This is a scam company with a scam CEO.
In Mid April after the RS there was 400,000 shares
In Mid June ( 2 months later ) the OS stood at 17 million
Today its probably around 40-50 million
The AS stands at 5 billion and at this rate will be hit in a few months. At that point another RS is inevitable... it will be the 4th RS in the last 2-3 years.
If you look at the 5 year chart... if you bought shares in 2016, to break even you would need the current share price to rise to $2,500,000 per share. Thats what this CEO has done to the shareholders. 99.9999% losses
He says no new toxic notes... in this I believe him, there is a new form of loan thats been taken out instead where all profits goto the investor. The millions owed on the notes however have got no smaller.
When he says no new notes, thats a half truth... a few of the notes have been renegotiated so again the debt goes higher and higher.
There is no end to the dilution. 2 years in, and the toxic debt has increased not decreased.
This is a scam company with a scam CEO.
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