Can't believe it - please just imagine for a moment that you provided goods and services to a company. The company doesn't pay.
Then you see a company thinking that it is going to re-start and create value for the shareholders but not pay its debts. You further see, from a message board and from the company's website (before it was taken down), showing a company that said it was live on air (which it was not).
Management has no credibiity, and in my opinion no possible way to repay creditors and vendors. It is my opinion considering that the company issued misleading and what I believe is false news releases.
Further, the company has not filed any financials, it doesn't have an accountant, it is a company of one.
Sorry, but I believe this company is dead, and the equity is not worth anything, and the debt will never be repaid, in my opinion. I also think that I should not allow the Exec to scam others into thinking that this company's equity is worth anything but 0.00.
Why should any creditor settle? In my opinion, the creditors own the company. If the CEO wants it, pay off the debts, then you can create value for the equity holders. If you believe in the business, fund the creditors. If not - have a great New Year and good luck in your investing.
Creditors worked hard and received nothing. The equity is worth nothing unless the creditors are paid.
And a question for you - do you know management (Collins)? Did he provide you with some stock that you now have from services that you provided? What services? What company?
Potential investors, stay away from this - my belief is that management can't raise money, they have no realistic business plan, and management is working with affiliates to pump up the stock.
Another point why I believe management is a fraud. The company must maintain its business license in the State of Nevada. The company's business license is in default:
The company hasn't paid another bill for about $1,000 to the State of Nevada to keep its business license current.
And you think that management can actually build a business, raise capital, and build out a UHF/VHF on air TV network?? A TV network to be developing content and delivering it to consumers on rabbit ear antenna TVs?
But have a great new year and do your due diligence and stay away from this rat hole.
If you are a stockholder - the reality is that this thing is worth nothing unless debts are paid including the amounts owed the State of Nevada.
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