This stock dilution scheme won't see $0.01 without a Reverse Split, which will devastate shareholders.
Speaking of Reverse Splits: We all know this company survives SOLELY OFF THE SWAPS OF CASH FOR CONVERTIBLE NOTES.
Those convertible notes get converted to shares....
Those shares get added to the O/S.
The O/S was 2.8 billion and the A/S is 3 billion in the MRQ.
Looks and seems to me like UBRG is running out of room to issue any meaningful debt-for-shares convertibles to keep their lights on and pay their salaries.
SO GUESS WHAT THAT MEANS?
YUP! They either Reverse split or they make YET ANOTHER A/S increase...
But don't worry... They'll hook up shareholders just like last time and offer shareholders a "share dividend".
They'll issue a Press Release saying how this increased A/S will help grow the value ...blah blah blah...
Shareholders (at the retail level) won't have any say because RAINCO/GEG/Guest/Ali own the majority and will do as they please so they can keep issuing themselves shares.
And the stock dilution will continue... Endlessly.
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