Frequency Holdings Inc (FRQN)

[trader59]

Yeah, but, some pump and dumps aren't necessarily the insiders selling stock, some happen when toxic lenders loan money in exchange for very profitable conversion rates, y'know, like the ones on the books for this company, a lot of it converting at 50% discount to the market, the note to Trillium Partners was converting at the lesser of $0.0003 or 50% (ie - they've converted at $0.0003 until the PPS dipped below $0.0006. That's all in your recent quarterly, showing the 231M shares added on those conversions in one quarter, over 50% of the O/S added. That's the pump and dump, bolt on a business with someone notable that can be pumped so that those lenders get to convert and dump stock.

While we're at it, I'd asked this question awhile back, mind answering it?

So, if you're really him and have the time to post here on iHub, can you please explain the plans for the stock? I see the previous owners of Reachout were given preferred stock in this company when you merged it in that converts into what is described as 87.5% of the "fully diluted" common stock, Trillium partners were given 10%, and Everett Dickson 2.5%. I understand why, as you guys owned 100% of Reachout when it was private, and you're not going to just hand over any significant percentage of ownership to the holders of the legacy common stock of this shell for nothing, so this question isn't about maintaining the ownership stakes by you or your private investors. It's about how you get there, as the only way that I see it happening is a large RS of the existing common stock followed by the conversion of the preferred stock. Can you explain what your plans are so these guys don't buy a pig in a poke?

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