My questions are simple: start from the beginning:
a. ZLUS has nearly 1 billion shares and no revenues and mounting legal issues. It also has no cash
b. Rainbolt comes in and takes over ZLUS and ZLUS is suddenly into Oil and Gas. How did they get the funds to start this new enterprise?
b.1 Lets say it was Rainbolt and his friends. why fund this project thru a shell with near 1 billion shares and not privately?
b.2 Lets say it was outside investors putting up all the capital. What do they get in return?
c. Why ZLUS? outside of Rainbolt working for Ault, why take over ZLUS when there are far better pink sheet companies to take over. ZLUS was not current on filings and had massive legal issues to deal with. so why ZLUS instead of a clean pinkie and one with far less than 1 billion O/S?
Investors don't invest for the fun of it and investors don't invest to raise the stock price of a company they have no stake in (via shares) so what is the details behind this enterprise and why, after 7 - 8 months do shareholders still not know what is going on? If all was free and clean, why not let investors in on the gig?
look at it this way, if you have $1 million that you put up to cover all costs for the drilling of a well, would you invest that money in the name of a company that you have no shares in or invest it in your name and take 100% of the profits? My bet is that everybody here as a shareholder would not invest it in a company they do not hold shares in for a percentage of the take afterward. so why would Rainbolt come here and put his investment in this company if he was not a majority owner. Majority owner significantly dilutes the O/S. In fact, they have to be majority owners to get away with all they do without a proxy vote.
AI
