sw has Never 'reserved' enough Authorized 'shares' ,,,
to even nearly cover the Already Issued Convertibles ,
NOT EVEN COUNTING THE EXTRA 4X UNDILUTABLES ,
which are ALL OWNED by the CEO ,
so that he ALWAYS OWNS 80% of sw-whatever.
[By the way, we believe that this gross deficiency of
Authorized 'shares' is a violation of SEC Rules ; And ,
a violation of the 'Terms' of All CD 'Agreements' ; Except ,
maybe , for the CEO's own 'Agreement' with Himself , for
his Never-Dilutable 80% Mega-Share.]
Anyway , the CEO apparently tried to 'fix the problem' ,
with the last R/S [1-for-5] Combined with the 4X Increase
in Authorized Common 'shares' [from 2.5 Billion , up to
the current 10 Billion]. The Combination of RS + AS
Effectively Increased the Authorized by 20X [= 5X x 4X].
Which was barely enough , [NOT counting ANY of his own
personal UNdilutables] , to ~"cover" JUST THE PREVIOUSLY
ISSUED CONVERTIBLES , AT THE TIME + PRICE OF THE REVERSE
SPLIT [~2 months ago , which was 0.0004 x 5 = $0.0020].
BUT , since then , MANY MORE Convertibles Were Issued ;
AND , The PRICE CRASHED ANOTHER 95% ; AND , ALL sw-whatever
CONVERTIBLES ARE ALWAYS FLOORLESS [and Always Were] ; SO, The
Authorized common 'shares' MUST NOW BE INCREASED BY AT LEAST
20X [up to 200 Billion] , JUST TO ~"cover" THE Post-Reverse
95% PRICE CRASH.
AND , the Authorized MUST BE WAY OVER 1 TRILLION ,
to ~'legally' [?] "cover" the Newer [+ always continuing]
'Restructuring' Convertibles ; And , the plan-man's
NEVER-DILUTABLE 80% MEGA-'SHARE'-LOAD . [Actually , as of now,
it's a Mega-Mega-Share-Load , = 1 Trillion common plan-men.]
extra , Sincerely .
P.S. ; So , [IOO] ; THERE [probably] IS NO ESCROW , AND
NEVER WAS , AND NEVER WILL BE. But, if there is an 'Escrow' ,
IT CAN'T POSSIBLY BE HOLDING EVEN 5% OF ITS ABSOLUTE MINIMUM
REQUIREMENTS , as required [probably] by SEC Rules ; AND ,
PROMISED [DEFINITELY] IN THE SEC FILING , that lb keeps
'quoting' + believing ; because the plan-man said so , and
also said many other planned things.
O.K. ; That's enough distracting FACTS. Let's All Just Get
Along , and back to believing the plan-man , and buying-up
those conversions , before they go 'no-bid' , and prevent
any more gambling + averaging down.
At the current post-reverse average of $5,000 per trading day,
it will only take about 10 more years for 'significant
dilution' to ~end ; Assuming that No More Convertibles Are
Ever Sold , or given away to friends ; and , no more 'Bonus'
shares are 'awarded' ; And , the CEO Forgets To Ever Convert
Any Of His Own Personal Mega-Mega-80%-Super-Slice ; And ,
he never gives or trades Any of them away.
Let's Roll. Starting in less than 2 hours. GLTA
[However , shorters should wait for a pump above $0.0001 ,
or the next Reverse Split , which can't be before late March ,
according to the 6-month waiting rule.]
Note; It seems like Wells-Fargo is waiting until after the
Christmas Rush to foreclose. Probably because their inventory
can be sold at higher prices now. And at 90% off during
the liquidation sale.]
