bly03, I said Cornell TYPE of death spiral. I believe death spiral is very appropriate description. I have yet to see a penny stock that gets involved in this type of financing survive. If the company survives, the shareholders surely don't. The only difference in these companies is the speed at which the spiral occurs. What happens when Serge exhausts the remaining two billion shares?
Yesterday's update was nothing new and the berge electric instal is not nearly large enough to pay the overhead. So, how will Serge and company put food on the table? Serge will have to create more and more 144s until the printing press runs dry. As the price continues to drop the speed at which he uses the two billion will increase dramatically.
Now what. He will have to look for more money and where will he get it? Doc and friends or another Cornell deal? My guess reverse split and start all over.
Serge is to blame not Knight capital for the drop in sp. The missed deadlines and working hard prs have done more damage than good. Now he has hired "expert" people which have shown little to no results as of yet. Except, Thomas he manage to shed light on how bad thing are at SAVI and pissed off a lot of people. So, he has accomplished something in first few months.
The shareholders will be wiped out so, death spiral is appropriate.
