Wednesday, March 20, 2013 4:56:40 AM
Additionally, there are somewhere along the lines of 1 billion shares left to be sold into the market. Pretty sad that there are some posters on this board that have been adamantly trying to convince everyone that many of those shares are "restricted from conversion" or "not going to be sold" even as they were converted and dumped away.
One last point to be mde is the fact that 160mm shares were sold to reduce debt and take care of outstanding liabilities. Liabilities have INCREASED since those shares were sold. GDSM has to sell OVER 25mm shares per quarter (as demonstrated for over one year of consecutive selling) just to keep liabilities increasing at a minimal rate. GDSM is beyond bankrupt.
These three points should be made explicitly clear to any new investors considering giving Marc any more tax-deductible cash donations. Until Marc steps up the the plate like a chief executive should and explains what happened to the money, this stock should be labeled as BUYER BEWARE.
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