MEDirect Latino Inc (fka MLTO)

[amazingkarma]

Well, it's quite simple. Having been around pink/OTCs for over a decade, one only has to look at the fact that the Lender now owns more than 50% of the company meaning they can unilaterally raise the AS to as many shares as they need to convert.

Simple. The really sad part is that the conversion price of .0001 wouldn't change with any reverse split, further diluting any common shareholder equity.

Sad. I've seen mismanagement destroy many otherwise viable companies, but this looks like it was an insider manipulation scheme from the get go.