Absolutely not, this company has absolutely nothing going for it. The worst part IT DOESN'T HAVE ANY MANAGEMENT, IT IS JUST LIKE A SINKING SHIP AND THERE IS NOBODY THERE. EVERYBODY IS JUST WATCHING. That totally idiotic 8-k "management" issued last week proved that there is nobody at the helm of this poor company. I HAVE NEVER EVER SEEN A PEP TALK LIKE THAT.
See the nasty part of these B-convertibles is about share price, the lower share price goes, the more shares they have to issue for each convertible. If share price stayed above 7 cents then 100 mils of A/S could and would have handled all convertables, but at 6 and below , now it is even 4, they need approval of new A/S number which will bring all hell loose here. This company is dead, should have been long time ago. Besides HFT is running the show here and I know for a fact you can't beat them at their own game. Like today there were several retails who thought that they can flip it between 45s and 5s and guess what no way HFTs would allow it. Besides they can announce BK, R/S, increase in A/S.......................all those nasty things that can wipe out common shareholders. imo
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