Seifert is the only employee of the company. They have no developers. No equipment. No infrastructure.
Beach even posted:
What if some of the .064 warrants had already been converted and sold at a loss thus increasing the numbers of shares? What if they sold because there are no assets to the company any longer.. better something at a loss than nothing. Kitty.. class is over do your own DD.
No one can take advantage of the tax loss, because the one thing they do have is a ton of liabilities.