Actually TFN - Cheeky is unfortunately 150% correct about that. Last year, the company made a misstep and got involved with several former "defrocked" brokers, who were consultants to the company before it became public. Some of them hid that fact while others promised the moon - (just like every defrocked broker who turns into a "consultant for an OTC company) It's well documented by the company in its disclosures and releases. Two were in particular doing IR (or complete lack of IR). Based on the information I was able to come up with, it looked like one of those "groups" wanted the share price to tank so its friends could pick a huge chunks of stock extremely dirt cheap, and then use those shares as leverage to try to take the company away. According to my sources, there were at least 2 attempts to force her out so they could take over, and when those failed, they offered the founders $1M to buy them out. It was a good try, because with a stock price of .0025, the company could not attract good capital, and could not do any other deals using stock as consideration.
And this started happening in March, when Lorraine spurned the first attempt. Obviously a LOT of people see tremendous value in this company, and she undertook this restructuring and rebranding in accordance with her shareholder letter.
Had you read the disclosures and press releases and the shareholder letter, as well as tidbits of her conversations with shareholders on this board, you too would see this. All the more reason to support her. She outflanked pretty smart people and has set up the company to thrive in 2016.
News 
Market Data 
Discover 
AI
