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Wednesday, August 25, 2010 2:32:10 PM
Is a combination of many things. I am not upset that I wasn't informed of the amendment prior to it being submitted. I am disappointed in the response I got when I inquired about it. The response was a lie in my opinion.
Regarding the share increase. Shareholders were warned that it might happen. I give them credit for including it in the financials. However the fact that Dennis said ~two weeks prior that there would be no increase and the new contract would cover expenses for the year. I feel he was dishonest during the interview.
I am disappointed that the Up-listing is not happening now. Because I viewed the up-listing and an opportunity to have an actual audit completed. The company is mum about the audit. I can't even get a crappy reply on those emails.
The Notes Payable section of the financials show a potential conversion of between 500,000,000 and 700,000,000 worth of common shares because of matured debt. If the new shares are not used to support the company, Existing shareholders are going to get bent. no matter how you slice it.
Without an Audit and honest management.. how can anyone not be upset by the latest increase?
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