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Friday, December 09, 2011 5:37:49 PM
Not sure why some investors do not understand that? This is not a "new" company... It has been around for quite awhile. Just privately and previously under a "revolving line of credit" ensuring continued operations. Since right after the final judgement of TYTN being in default, the operations are strictly funded off the investors backs... The inventory is all investors property, well, unless you consider the "preferred" share exchange rate as they would be paid first in case of liquidation... 400 common to 1 preferred - conversion...
In a liquidation scenereo, those 1m preferreds would eat everything up, as written, preferreds are payed first. (30 bux a share.....)
And they say the CEO doesnt know what he's doing with a "stock" based company????? AHAHAHAHAHA
Either way, the economy will dictate the future and as cheap as these products are, the higher priced products adjust accordingly, as well does the users.....
Worship no one but yourself!!!!!! If one must, a/any CEO is the last on the list of worshipable value.... (worshipable?) hmmmmm
:)
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