You seem to have some of my past optimism, Nano. I'm like you, I fully believe there is a legitimate and potentially profitable mining business at the root of this mess. Eugene can't seem to manage it without shafting the common shareholders time after time again over the past two or three years, or more. It's those surprise reverse splits that are keeping me on the sidelines now as it currently seems to be building toward another. I welcome your thoughts on that though. I have no doubt that several good quarters could return the company to profitability. And the upcoming months seem to be their best chance in a while to produce and demonstrate that profitability. With profitability comes the chance to begin repairing the company's financials by reducing debt. But the debt load is high and it remains to be seen if or when Eugene will stop shafting the common shareholders and start trying to build shareholder value. It could be part of the long term plan since Eugene still holds options on the stock. But how many more reverse splits before he starts taking action on that plan? I guess as long as there is outstanding convertible debt and people willing to buy it. One of the problems here is that the debt structure is complex and the debt load is still high. And lacking profitability to this point in time, Eugene has had no other choices than to convert it to stock and reverse split. If it wasn’t for that reverse split potential I would consider buying back in now while it is low. It can only go three ticks lower from here (0.0004) before it hits rock bottom leaving a reverse split, a CH7 BK or a delisting as the only threats. GLTY
AI
