Well you have to hand it to DF, he sold the last shareholders a BS story about some guy nobody knows and debt being erased along with a whole new start. Problem is none of it exists, not even where it is legally required does it show a single piece of an existing company any longer. It is a public traded company so everyone is entitled to know who this person is and where they are supposedly operating, although it is more likely that there is no Mike Burton as the days pass by showing this to be true. The company was completely gutted and left wi not a single asset and nothing more than a lowball figure of debt, supposedly a half million although likely much higher than that.
Right now it is nothing but a shell waiting for the debt to be cleared or somebody to assume it and try to do something with it. It will likely be RSed as selling anymore shares at this point is probably going to lead it to a no bid status. The trading has been the usual exit of traders and short term holders who have given up waiting for a hopeful bounce. In fact the stories of shorts have gotten pathetic as the Bi Monthly continues to show zero shares shorted since The December first report. But never mind the fact that someone bought more shares than were supposedly shorted showing exactly what has been stated here many times over, it shows long position unsettled trades on the Daily Reg Sho List.
As much as one wants to believe that things are progressing in reality trading shows what is really happening which is absolutely nothing. Even the volume gets misrepresented as some quote Year To Date figures for averages, the fact remains to have a good day of volume requires hundreds millions shares to be traded. So as the reports and figures continue to be misrepresented by those who have no clue what they represent the dream will continue.
