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Wednesday, March 19, 2014 8:01:15 AM
Remember all the battles right here on ihub about the ugly reverse split subject over the years hardasset?
Every single time any critic would point out that with the ongoing rate of dilution and the share price erosion...because those 100's of millions of discount shares Eric kept issuing to funders were being dumped into a float that couldn't possibly absorb them...eric would be johny on the spot with an aggressive well timed email response to a long or board memo or blog...with a long windy defiant explanation about how his supposed plan was to BUY BACK shares and even defiantly claimed at one point that "there would be sacrificial crucifixion" of his longs!!!
But then suddenly just 2 friggin' months b4 his reverse split...his several year long story on the subject of a reverse split abruptly changed...and he suddenly started telling everyone that a reverse split "in conjunction" with his supposed uplisting...was for a noble cause!!!!!!!!!!!!!!!!!!!!!! Even though his own lengthy blog excuses yesterday clearly outline that almost a full calendar year from his reverse split...he hasn't done a single solitary pre-requisite step of any legitimate uplisting attempt!!!
No fully audited fins!!!
No S-1 filing!!!
No SEC registration!!!
No market maker sponsor hired!!!
No friendly financing obtained!!!
Same old same old discount share dilution well underway these past 3 months now that he finally revealed the share structure increase on pinksheets!!!
No authorized share reduction because he's planning on issuing a pile of free trading stock to all the vendor debt holders he owes!!!
No chill lifting in sight and now abruptly changing his 3 year old story about the supposed minor technical glitch to blaming his previous 504 funders...the very same funders he kept issuing 100's of millions of discount shares to while blogging over a dozen blogs each and every month until his 5 BILLION share treasury stock well ran dry leading to his supposed NOBLE Reverse Split!!!
Every single time any critic would point out that with the ongoing rate of dilution and the share price erosion...because those 100's of millions of discount shares Eric kept issuing to funders were being dumped into a float that couldn't possibly absorb them...eric would be johny on the spot with an aggressive well timed email response to a long or board memo or blog...with a long windy defiant explanation about how his supposed plan was to BUY BACK shares and even defiantly claimed at one point that "there would be sacrificial crucifixion" of his longs!!!
But then suddenly just 2 friggin' months b4 his reverse split...his several year long story on the subject of a reverse split abruptly changed...and he suddenly started telling everyone that a reverse split "in conjunction" with his supposed uplisting...was for a noble cause!!!!!!!!!!!!!!!!!!!!!! Even though his own lengthy blog excuses yesterday clearly outline that almost a full calendar year from his reverse split...he hasn't done a single solitary pre-requisite step of any legitimate uplisting attempt!!!
No fully audited fins!!!
No S-1 filing!!!
No SEC registration!!!
No market maker sponsor hired!!!
No friendly financing obtained!!!
Same old same old discount share dilution well underway these past 3 months now that he finally revealed the share structure increase on pinksheets!!!
No authorized share reduction because he's planning on issuing a pile of free trading stock to all the vendor debt holders he owes!!!
No chill lifting in sight and now abruptly changing his 3 year old story about the supposed minor technical glitch to blaming his previous 504 funders...the very same funders he kept issuing 100's of millions of discount shares to while blogging over a dozen blogs each and every month until his 5 BILLION share treasury stock well ran dry leading to his supposed NOBLE Reverse Split!!!

