Thursday, August 02, 2012 9:09:01 PM
I dont understand that if a company is able to convert their warrents from toxic investors, ship out 4000 medipendants last quarter, and continue to ship out medipendants this quarter, not be making any money from sells, unless they have another source of revenue and dont say motorbust, and delution(at .004 x 150 mil is only 600k). To convert the warrents it must cost something, and to make the medipendant it must cost money, and banks these days especially for new companies just dont offer new lines of credit if they bank does not see revenue comming in.
Delution - It has to have stopped, look how many shares were traded in the past week. Those were just from people flipping the stock, everyone else is just holding and letting the company do its thing, which is sell medipendants.
The CEO does not need to post any of the financials right now because he is not fully reporting to the SEC, and why would he post them anyway. So everyone that is impatient can see a .008 or .01 on the board and flip for a quick penny. I am at loss here I am not sure what happens when people dump all there shares.
Rest assured though if somone gave me a 1000 bags of candy to sell, I wouldnt ask for another 1000 bags if the first set were'nt selling.
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