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Re: $b_rich$ post# 64259

Tuesday, 04/30/2013 4:48:13 PM

Tuesday, April 30, 2013 4:48:13 PM

Post# of 75409
They won't buy all the cheapies. They'll just issue themselves more from the company treasury, and when the amount runs low, they'll do a reverse split and dilute. So, there are around 200 million shares outstanding and about 400 million in the company treasury. When those 400 million run out, they'll do a 1 for 10, 20, 50 reverse split, followed by an increase in the number of shares authorized to around three hundred million, and start all over again. The only problem is that as long as there is a payroll tax liability of $200M+, they are unable to make any moves. In order to get money from unsophisticated investors, they have to set-up some sort of phony operation, but they cannot do that until after they, either, pay the IRS or the IRS closes the file for good.