InvestorsHub Logo
Followers 1
Posts 39
Boards Moderated 0
Alias Born 05/12/2012

Re: DD2Gain post# 38914

Sunday, 06/24/2012 12:19:47 PM

Sunday, June 24, 2012 12:19:47 PM

Post# of 92769
The product means nothing. This is a SCAM by CEO CADE to start a company with our money and in the end he will own almost everything and we the shareholders, almost nothing. How does this happen??

1. Setup company that has common shares and preferred shares. Preferred shares owned by very very small number of people and can be converted to common shares in future.

2. Next, DILUTION DILUTION DILUTION - 3 BILLION SHARES to raise money and fund the company.

3. Next, REVERSE SPLIT to reduce the number of common shares. WHY? Because of next step.....

4. Convert preferred shares to common and becasue the split created less common, the preferred converted stock will acoounf for anything from 90-99% of the common.

END RESULT - CEO CADE starts company and funds with DILUTION and then in order to maintain control he converts preferred and TAKES EVERYTHING FROM SHAREHOLDERS!!!