Wednesday, July 22, 2009 6:58:48 AM
No logic exist for the need to sell the last tranche of 100 million shares of the newly authorized 3 billion additional stock. The company is making millions of dollars in other sales so why increase the authorize shares for business deals when you could do a stock buyback?
Can you answer the questions above with any logical answers?
NO you can not and neither can Jared. Sell them the old RAZZLE DAZZLE!
Jared's background shows he is not an executive by training. Granted he might have picked the brains of the chemist and formulated a new product but so what if there is no market for it. Many enzyme companies have a compost product that requires turning the heap and adding water. The time savings is not a money saver as this all occurs naturally and there is no rush for pig compost. Got it?
Why no deal for the GC2000? He supposedly took a $700,000 loan for this project. I think he paid himself with this money and also took the formula sale proceeds for the WowGreen deal and paid himself and the company is BROKE! He can not manage a company on stock sales alone forever.
He could not get any money from Allie so he decided to increase the A/S and dump more stock to survive! Plain and simple unless he shows us financials or lets the T/A talk.
No more games, Jared the monkey!
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