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Re: 4on4off post# 118269

Monday, 03/31/2014 11:53:53 AM

Monday, March 31, 2014 11:53:53 AM

Post# of 148345
As far as statements that haven't come true. Let's start with the TNKE contract. There is no evidence or proof that it will bring the company money. Then we'll talk about a company that was committed to lowering the share float to below 300,000,000 a few months ago, that turn around after a small share buyback and DUMPS BILLIONS OF NEW SHARES ON THE MARKET. In Jason's last radio message, he carefully sidestepped that question(and most of them actually with half-answeres and non-answers) about O/S and float. And, jury is still out on if anyone actually gets the preferred shares! I'm chalking that one up to a lie as long as the status remains,"In the mail." That's just the stuff from recent history. Should I start on the garbage from last year and prior that's on the header of this board that never came true?


Announced June 25th, 2013 to begin operations this Summer 2013


Never happened

Ionian Queen
Announced June 27th, 2013 to begin operations this Fall 2013


Never happened

Need I continue. In fact, the only thing I can see that they announced in the last year that came true was a share buy back. And then a month after it's complete, dilute the market with x4 times(or more, hard to tell with no statement of O/S or float) the shares just a few months after the buyback. So I have a question for everyone? What statements has the company made in the past year that have come true besides the share buy back? After all this, the PR saying they won't r/s for years is bogus.

Remember that they keep telling us that the .20 prefered share number was something they thought carefully about? With the billions of shares outstanding, the ONLY way for this to be close to .20 by September is for a MASSIVE reverse split to happen. It will be no less than 1:200, and could go as high as 1:2000(which would, in theory, put the price above .20 if it were to happen today!)