Let me see if I understand you right:
I tell you not to put words in my mouth, and it is MY FAULT that you cannot find the messages to prove me wrong because I am verbose and you cannot find the source of your comments in my posts? Thus, when you make something up it is not your fault, it is mine for not being more concise thus facilitating your search before you post...
Before making comments about being verbose you should do some homework: In the past 7 days I posted 8 or 9 messages, you posted about 68.
Since Kag did not delete your comments (quoted below), I expect the same treatment for this, my reply. After all, fair is fair.
<It is too hard to find exactly what you stated. Your posts are full of verbage and I have no search tool. If you limit the verbage in your posts and use a title that I could locate, it would help.>
2) Gold Seeker stated: <I did not anticipate that Moro would pay his employees in stock and have them dump the shares on the open market. Did you anticipate him doing that? It is probably by that method where he has avoided putting any of his own money in the company.>
My answers:
a) Are you sure that there are no other expenses such as rent, chemicals, electricity, etc that cannot be paid with shares? If some of those things require cash, Moro would have to advance it. How about his income? There are no Form 4's filed and therefore he is not selling stock. You stated many times there is no cash in the company, which means that he might be working for free, accumulating debt that you keep claiming he will never be able to recover if the company goes under as you predicted in Nov (4 months ago). I think that would deserve credit rather than vitriolic criticism.
b) You did not anticipate that? Why not? I'll tell you why not, and I'll be kind: Because there just are too many possibilities and oversimplifying things almost always results in errors.
3) GS: <I also anticipate that Smithline would just extend the loan for another 15% penalty.>
Great!!! I am glad to see that finally, you gave up the notion that Smithline will take over the assets putting an end to this company!!!
About the 15% penalty: As I said before, $300,000 more or less is inconsequential for a company that spends 10 times that amount per year. This is an OTC stock, and that makes it a speculative stock by definition. An additional loss of $300K won't make any difference in the stock price.
4) GS also stated: <Smithline does not intent to take shares and hence, he does not care what happens to the stock price. Smithline just wants to keep the liens and get 25% of any placements. If he cared about the stock price, he would never have given Moro the ability to use an equity line of credit which could absolutely kill the share price.>
But my dear GS... Since when hedge funds care about the share price? As the price goes down, they get more shares upon conversion...
5) In message 18668 Gold Seeker states: <Isn't it interesting tha someone with so much knowledge about the company openly states that the way to make money on the this stock is through trading.>
Thank you for your kind words about my knowledge of this company. I would like to return the compliment by saying that you taught me a lot but quite frankly, it has been the opposite.
How else are you going to make money in an OTC company besides trading shares? With dividends? At the time of a buyout?
OTC are speculative stocks. You buy when you think a stock has a good chance of going up and you sell when you think either you made enough money or at a loss if you need the money for something else. Sometimes you make a pile of money in one session, some other times you have to wait for a year, sometimes longer and when you have a market catastrophe, everything becomes even more unpredictable. Do I REALLY have to explain all this?
