Glad we finally admit that the CEO missed the revised projection by $1 million because he is an idiot who didn't factor $6 million in business loss from his original projection of $31 million due to what he would have the ignorant masses believing was a planned "culling".
But let's go with the revenue loss being planned. That means in true Ryan Schadel fashion he outright lied to investors by announcing all the way through June of 2014 that he was on track for at least $30 million.
Who does that to shareholders? Who deliberately announces revenue projections 25% higher than he apparently KNEW he wouldn't get?
Oh yeah, the same CEO who promised to not dilute into an AS increase to 1 billion, then two months later proposes another AS increase to 20 billion while the OS sits at 1 billion.
The same CEO who said he was "current on all tax obligations" in early January 2014 only to reveal in May that he failed to pay over $1 million in payroll taxes.
And I see the same people who gushed over his promise to not dilute into 1 billion OS and praised his "business acumen" for using payroll taxes to find growth still rush to his defense by calling people liars who call out the CEO for the con he is.
Classic OTC Stinky Pinky action.
Oh, hey...how many shares does it take to convert $2.4 million at 60% of .0003/.0002 plus interest and premiums?
Ra, Ra, go Ryan Schadel.
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