Thursday, May 05, 2022 2:59:06 PM
The last bit of dilution of 31M shares(a 56% increase in the OS by the way) only covered about $35,000 in debt which was probably mainly interest leaving the principle to continue to build interest at an exorbitant rate. The death spiral has begun with most of the noteholders converting also having lawsuits against them.
$5000,000+ in toxic debt, 0 revenue, 4 lawsuits and a shareholder settlement they still haven't paid out.
This is a losing proposition for anyone.
We all choose to invest our money. Whether we win or lose is solely due to the person in the mirror and his/her ability to do DD. Finger pointing and a lack of personal responsibility are simply sad traits that the weak-minded possess.
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