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Re: ValueValueValue post# 54713

Friday, 02/12/2010 12:34:49 PM

Friday, February 12, 2010 12:34:49 PM

Post# of 83044
My view of the most recent 1B shares is that the shares needed to be issued for anti-dillutive provisions from previous lenders. It is one thing to have shares backed by loans, but quite another to watch the value of your colatterral fall by 80% in a few months. They will need to continue to secure the original lenders with increasing amounts of stock, just to keep their equity "kicker" into its original place.

I suspect with no money, the amount of shares that will continually need to provided to these people will become astronomical. Thereby leaving you, the common, holder victimized by the poor financial expertise of one CEO, President, Vice-President, treasurer and secretary.

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