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Thursday, July 07, 2011 7:24:10 PM
The 3 top executives are collecting about $1.2 million dollars a year in salary while the company has lost about 50 million dollars since 2007. They borrowed $5 million dollars with convertible debt with a conversion rate tied to the stock price, right after the merger. At 10 cent/share the Banksters got 10X as many shares in the conversion as they would have gotten at $1/share retail for COIN, and they are dumping them now. The banksters, and the lack of Terra sales, and flat lined sales of fertilizer, and the new Terra stock holders with all their new shares that became unrestricted a few months ago, have all been selling shares, getting out of Dodge early, as they know this one can not survive with out more new debt, and the last round of debt and merger buyout of a company with no sales has increased the OS by 2000% now, for a company that has never made a single dime of profit.
Only reason the stock stopped falling at 10 cents today, is that the minimum amount the Banksters will sell the new shares at while they dump the massive number of new shares they just converted from CD to new shares. Until the dump is finished, they will support the price at about 10 cents, but the end of the dump is near, may already be done?
Ambition with out knowledge is like ship in dry dock. Going nowhere fast!
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