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Thursday, June 13, 2013 2:31:37 AM
They probably had an investment advisor & attorneys tell them it was a good idea to do it and a means to reach bigger investors.
Previous FINS show they have lots of debt and cash poor....they are in desperate need of $ to keep operations open and to fulfill new contracts for kiosks.
They will be doing the RS!
The fact they announced 10 for 1 for authorized shares ( i.e. preferred stock) means they have tons of debt holders that get paid before common share holders. VC's protech their investments, this is one means of doing so...by saying FU to common shareholders.
CPSZ obvious is cash poor.
JMO & IMHO:(
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