InvestorsHub Logo

Stock_Barber

02/14/16 10:34 AM

#104803 RE: JoeB68 #104802

Using their logic... imagine how high it will have to go when this is at .0001 or no bid!




frontloading

02/14/16 10:54 AM

#104804 RE: JoeB68 #104802

"Eroded"..no chit sherlock..I think dbmm should have used a softer, gentler word , so as not to remind shareholders that Linda has C-R-U-S-H-E-D their account!

FishStocker

02/14/16 8:18 PM

#104807 RE: JoeB68 #104802

HILARIOUS THESE CLOWNS ARE RAISING THE A/S AGAIN. THE SHARE PRICE HAS ERODED BECAUSE OF THE INCOMPETENT PEOPLE RUNNING THE COMPANY.

FROM THE PR:

The required calculation of reserve for outstanding debt described in the Oct 30th PR utilized a pps of $.0048. When the reserve was tracked again in early January and again in early February suggested the AS was not sufficient for the full fiscal year. Based on a current pps which has eroded, it is necessary to increase the Authorized Shares to 500 million. Even though significant debt, derivative liability and interest has been eliminated, the trading patterns have eroded the pps, and the audit process requires the reserve calculation. However, the increase results in an AS which is only 5% of the pre-reverse AS for the fiscal year 2016. The re-calculation must be done in advance of the 10-K filing. There is full transparency in place, and the transfer agent provides the outstanding shares whenever queried.


THIS IS TURNING INTO ONE OF THE BIGGEST JOKES ON THE OTC. FROM 10 MILLION TO 500 MILLION A/S IN WHAT A LITTLE OVER 6 MONTHS ? WONDER HOW LONG BEFORE THEY MAX OUT THE A/S AGAIN. ITS EXCUSE AFTER EXCUSE BLAMING TRADERS AND OTHERS WHEN THEY TAKE NO BLAME FOR THE COMPLETE INCOMPETENCE HERE. 3 TICKS ABOVE .0001 AND 300 MILLION MORE SHARES GETTING READY TO BE DUMPED.