Friday, November 19, 2021 10:19:23 AM
Yes indeed. He has carefully crafted his escape plan if he needs it. The amount of convertible debt on this ticker that has already been converted or is still due to be converted in the coming months, is more than enough to make any hype worthy event fall on deaf ears. Just look at the past 6 months. People don't fall for the narrative anymore. Jason has already slaughtered even the staunchest of his believers. The only clear cut winners here are the debt holders who shorted the stock and diluted along the way; and Jason Remillard who received a paycheck for the past 4 years only to bring nothing but 2 reverse splits and collection of failed products that produce roughly 4 million a year in revenues but cost more than that in expenses. How he assumed that was Nasdaq worthy is beyond reasoning. It could be that he has "Big Things Coming" but that narrative is wearing thin and it never translates in the financials.
This stock continues to drown in debt that needs to be converted. The lower we go, the more pressure there is on the conversions. Jason doesn't care because the debt cash flow is keeping the lights on and he still has ultimate voting power. If he loses percentages of that, he just prints himself more preferred voting shares. This stock is like his personal ATM. He's more than likely trying to make moves to fix his cash crunch problems but the guy can only rob Peter to pay Paul for so long and most shareholders are not willing to play the role of Peter anymore.
I'm telling you all things that you know. Perhaps this gets a spike at some point in time, but its going to take something massively compelling and Jason has failed to do that at every turn. The guy does not understand how to appeal to a shareholder and perhaps that's because he can't anymore.
Anyways, good luck on all your positions bud.
This stock continues to drown in debt that needs to be converted. The lower we go, the more pressure there is on the conversions. Jason doesn't care because the debt cash flow is keeping the lights on and he still has ultimate voting power. If he loses percentages of that, he just prints himself more preferred voting shares. This stock is like his personal ATM. He's more than likely trying to make moves to fix his cash crunch problems but the guy can only rob Peter to pay Paul for so long and most shareholders are not willing to play the role of Peter anymore.
I'm telling you all things that you know. Perhaps this gets a spike at some point in time, but its going to take something massively compelling and Jason has failed to do that at every turn. The guy does not understand how to appeal to a shareholder and perhaps that's because he can't anymore.
Anyways, good luck on all your positions bud.
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