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Re: pual post# 47916

Monday, 07/31/2023 7:37:01 PM

Monday, July 31, 2023 7:37:01 PM

Post# of 49873
From my perspective I have been correct all along. The company sold 1.5 billion new shares in 2021 with right at 1 billion of that coming in Q3 and Q4 dropping the price into the trips. At this point they had well over $1 million in convertible debt reset to the new .001 conversion level including the two LABRYS notes. At this point they were effectively done and unable to continue wit the debt conversions. This when and why I said that they should be splitting the stock and coming with an offering. They should have listened to me and dealt with the LABRYS notes with an offering instead of taking on more toxic debt that resulted in the loss of the Canadian property and its cash flow as well as some more expensive borrowed cash.

They didn't announce an offering until ten months later without a split and I said at that time that the effort is useless without the split, Again, nine months later I am correct, they are still talking about that regulation "A" and is is dead as ever without the split. In fact, at this point the offering will be a tough with this business model which isn't getting anyone excited anymore. They have spent the last year and a half more than undoing the debt reduction gains of 2021 with new borrowing at default interest, penalties and monitoring fees. Looks like business as usual if they can pull off this expensive convoluted debt repackaging deal.


xcept for dilution (none for months notwithstading your previsions) or R/S that never happenned ... among many other thing you said were coming that never came.

Everything that I post is just my informed opinion and is simply an invitation to debate. Trade on your own due diligence please..

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