Thursday, August 05, 2010 11:54:31 AM
Yes, I guess you are.
When a company lies repeatedly in their PR's, they shouldn't be considered a scam?
Do you know how to read a Balance Sheet or Statement of Cash Flows?
They lied about using the remaining AS for the merger or those shares would be retired. See above question about 1.875 billion dilution and what the current float may be. They blamed the decline in pps on the shorts. When they were the one that drove the pps down by diluting and not telling their prized shareholders.
They stated the DD on the Loadcom merger would be done in April. And they have nothing to report? The merger with the TV production company? Revenue for the Spring Lights Festival illumination contract?
They recently stated they would not consider a RM. Doesn't that take Loadcom off the table? They're a lot bigger than RMDM. Why would they take a step down and submit to acquistion by RMDM. They have no shares to offer Loadcom. They certainly don't have enough cash to offer them.
Etc.,etc.,etc.,etc.,etc.,etc.,etc.,etc.
Scam?
Absolutely, in my opinion
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