THINKPATH FACTS POTENTIAL INVESTORS SHOULD KNOW....
1: death spiral financing....the financiers (cd holders) get their shares at half the market rate...some as low as 0.00075....then dump them on the open market for at least a 100% gain...the lower the share price goes..the more shares they receive.
2: massive dilution (2.3 billion added since October and rising rapidly...) TOS at 3,175,852,888.
3: unlimited authorized shares.
4: CEO's son left the company to be with the competition.
5: Thinkpath sold off one of their top revenue producing divisions to the competition.
6: CFO has less than 200,000 shares and all senior officers turned down the stock option plan (because they know the shares are depreciating asset)
7: Company being sued for $4 million by their former landlords....of which they have no means to pay if they lose..
8: CEO stated that his company could be valued at half the total revs....so optimistically $13 mill in revs for 2003 divided by 2 = $6.5 million.
9: CEO states his company is worth $6.5 million....so why are the pumpers telling you its worth more? Do they know more about the company than the CEO
10: Chapter 11 could be an option especially if they lose the lawsuit with their former landlord.