Fuse Science Inc (DROP)

[Tontis_Acheater]

Here is the copy of my initial post on this board on the Friday of the press release regarding the $700K note.

Now remember all you were cheering what great news this was on the Friday after the market closed and all were stating how many shares they were going to buy on Monday.

The stock closed at $.039 on that Friday before the press release was published after the close. All of you cheered over the weekend and couldn't wait to buy more shares.

On Monday the stock opened higher and immediately ran to $.054 and was up a 38% the first hour when you all claim to have buying. The stock immediately reversed course and ran down to $.022 over the next 72 hours.

I can repost several of your posts from that Friday, Saturday and Sunday but you all know what you wrote.

Now my prescient post within the hour of the release on that Friday.

Tontis_Acheater Friday, 11/08/13 06:48:05 PM
Re: None

Post # of 65404


Hate to burst the bulls bubble but this was a debtor in possession loan. A $700K investment due in 60 days secured by essentially all Fuse Science assets. This is how bankrupt companies who are running out of cash access operating capital and transfer assets to a third party.

Simple financials show Fuse is losing more than $10 for every $1 in revenue. In simple terms, Fuse is losing $1.2 in cash every month on $100K in revenue. Balance sheet shows $300k as of last quarter so you see Fuse was out of cash.

This is horrible news for existing shareholders and just a signal that Fuse assets are heading out the door within 60 days. If the $700K note + interest is not paid back in full in 60 days, the investors are entitled to foreclose on essentially all Fuse Science assets. Game over for equity holders.