So, back to who READ the filing:
The filing fills in the holes enough that it looks VERY likely that a RS sometime before Sept 20 is extremely close to immenent.
The IF the PPS is still under $1 portion of your statement, from what I see, is at least a 75% probability due to the fact that they cannot stop diluting.
Heck, they are diluting so fast that they are running all over themselves trying to get those shares out the door while we keep seeing the daily dump on our Level II, just as we saw twice, yesterday.
So, to me, it looks like the RS is pretty imminent due to the fact that they are demonstrating no intention whatsoever on allowing the share price to appreciate for any extended amount of time before enabling another entity to dump yet another load of new shares onto the bid.
Heck, after looking at it all again, I'm thinking more like an 85-90% probability of a RS before Sept.
It is obvious that this destruction of share price will continue, and the possibility of a RS will remain VERY PROBABLE until this POS company can show something AMAZINGLY positive that will generate SIZEABLE revenues from all these deals for which they keep creating shares.
Of course, that is why we are all here - hoping for something, JUST ANYTHING positive enough to produce some kind of revenues that MIGHT just show some profits.
Now, if some of those deals do actually start generating some decent revenues, we just MIGHT have a SLIM CHANCE of avoiding that highly probable (some would say, imminent) RS.
