InvestorsHub Logo
Followers 0
Posts 60
Boards Moderated 0
Alias Born 04/21/2010

Re: None

Monday, 02/18/2013 6:25:04 AM

Monday, February 18, 2013 6:25:04 AM

Post# of 36407
The BS the market wouldn't take

Debt management for the masses seemed like a good idea in light of the recent financial crises but this company couldn't pull it off and in the meantime was trying all manner of strategy to boost the stock price. Stock buy-back announcements, becoming a reporting company, 200:1 reverse stock split, OTCBB placement. It didn't work and they would have been better off staying sub-penny.

The pay-day loan announcement was a red flag - a debt management outfit getting into lending that it's own programs would steer clear away from was a contradiction.

The whole auditor charade when the first set left to be followed by an announcement of another set only for OTC reporting to be dropped altogether was just pure BS. We were all suckered into getting on board what was trying to be a pump-and-dump that didn't work out.

When a company fails to report back to its shareholders for this length of time, then the company doesn't knows what it is going to do. It's management and board won't find acceptance anywhere - remember the CEO had filled for personal bankruptcy a few years ago


Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.