Tuesday, August 04, 2020 11:18:51 AM
They took on the toxic loan, just to keep milking the company coffers and when things gotten out of control with gravy train coming to an end, they attempted to salvage their lifestyle with a 1:400 R/S and then 1:700 R/S, when things didn't go their way, they closed the doors because they sucked the company dry and shareholders got nothing.
Now, the new CEO getting a ticker with Toxic Lender to whom we still owe $2millions while he also sits on millions of shares and bunch of preferred still not converted with ticker at A/S, so the only thing left is proposed 1:10, 1:20 R/S or raising A/S to 2.5 billion just to cover the toxic lender and give the company a little bit of breathing room.
I think the only thing left here is "HOPE", long shareholders will probably never get their money back, new ones, maybe, depending how Ziv's plan unrolls and if we can get the DGF off our backs, but buying more before A/S increase, R/S or seeing the business plan is a bit foolish.
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