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Thursday, June 27, 2024 2:33:40 PM
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This says it all. And to be fair, Tekumo did not incur this debt. Hicks and Canouse held this debt in this shell and packaged it to Tekumo at a give away price.
Just allow your story coming in to give the necessary pump so we can exit the debt. Then the shell is yours.
If you don't know Canouse, then your still in OTC grade school.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174652576
If they paid off $400K of this reported last News, and then perhaps $600K more ??? between then and Now/Next Update
that would leave ~$1,225 Mill to go
If the Company decides to pay some/most of this off from earnings, the SS could be Ok and things may Look better
But If they decide to let the selling of shares continue to compensate for the Debt, and there are no more Runs to sell the shares @ a Higher PPS
then @ 0.0005 Avg Sell Rate _ the O/S could easily go to 4 Billion
That could take into the Fall/Dec to Push all the shares Out
Anyone's guess what will take place, but it does not look too Rosy near Term _
jmHo
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