TIVU headed for .0001, even with news the dump will force it back down. 2 bil more shares to dump as SP states:
“To ensure the Company is properly capitalized and remains compliant with previous financing agreements, the company is obliged to increase its currently authorized share count of 1,000,000,000 shares by an additional 2,000,000,000 shares to reflect a total share count the Company is authorized to issue of 3,000,000,000 shares of common stock,” commented Shiva Prakash
For those who depend on today's float and OS, the writing's on the wall.
They were not compliant, these shares are already spent to fulfill previous financing agreements. The convertible note obligations need to be fulfilled.
Last filed Q reports over $600k in convertible obligations @ .0002 conversion rate (if they can get it to hold at .0004) = 3 billion shares.
If conversion is at .0001 then look for 6 billion shares.
Gee,the math doesn't add up, there are only a bit over 2 billion available with the current 3 bil AS.
I wonder how they will work this one out? Can anyone say RS? The spiral down continues.
All IMHO.
D
