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Re: StockPrez post# 21113

Thursday, 02/27/2014 9:35:29 AM

Thursday, February 27, 2014 9:35:29 AM

Post# of 68548
There is no way this is going to reverse split in the next 6 months for two reasons.
First, if you read the last 10-QA carefully you would see that there is an overhang from convertible debt that can be converted into common shares. For example we all know that Chicago Ventures/FIFE investment is convertible debt (or as others call it toxic debt).
Second, the Company needs to generate some revenue and cash flow in order for the stock to sustain the impact of the reverse split.

There is a real risk if they R/S before they clear the overhang and/or generate revenues that the shares will revert back to or near the pre-split levels. They need a catalyst to hold the R/S value and there isn't one right now.

If MS can show some sustainable revenue I would think he could look at an R/S by summer 2014 (but not much before).

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