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Post# of 25333
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Voices of Reason

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Voices of Reason

Re: tchalla post# 4414

Wednesday, 04/02/2014 12:39:20 PM

Wednesday, April 02, 2014 12:39:20 PM

Post# of 25333
"many shareholders who own other stock could only wish they had no dilution on the books for the next 5 months. incredible." - shareholders who own this stock only wish they had revenues on the books and something to show for the Company's negative $38 cash in the bank that is supposed to cover the +/-$2 million per year operating expenses for this one man show - "incredible" indeed....

On a bright note, the company invested $918k of shareholder money for a 31% equity stake in Imagic Ltd. - the only meaningful tangible asset of the company. Unfortunately, the horizon for a payout will likely be longer than the "5 months" you stated as to when we will have to worry about the convertible debt being cashed out.
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