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Tuesday, August 13, 2024 12:58:14 AM
Of course, Dennis knew Optilan was technically bankrupt when he acquired it and eventually let it go into bankruptcy. NYSE indeed. So Mark Basile was close to Dennis and wasn't aware that Optilan was heading for bankruptcy??? No matter, Basile deleted much of his DPLS pumps so the SEC wouldn't see them. >>
The reality >> no conventional lending institution would give a penny to any stinky pink. Toxic lending was the only game in town. Dennis, along with other stinky pinks said, sure I'll sign. But wait >>
Toxic lenders weren't stupid. Their defence was >> You stinky pink fails are all the same. You got nothing -- no money, no product, no employees, etc. All you got is BS >> "I'm going to start a beverage company" or "I'm going to buy a gold mine." If you want our money at the very high risk associated with your BS, we want conversion to shares at a discount. How else will we get repaid? Certainly not with any company revenue/profits. >>
In his infinite wisdom, Mark Basile, along with SEC enforcement actions, will drive the toxic lenders out of business, followed by all the stinky pink companies who have nothing to sell, also out of business. Shareholders lose, but Basile won't care as long as he gets paid.
Great stuff, keep 'em coming trader53.
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