I greatly appreciate all the work you put in to posting the news articles and magazine mentions. Just to aid anyone looking for page 6 in the magazine one, it is really page 9 of the file (the arrows at the bottom will show page 9. So flip to 9 blow up using let hand +/- key. Look top left page. Good article.
The problem here pmello3 is that the stock can literally not move at all no matter how much investors feel it might be worth moving higher.
All the buying for at least 6 months has been at .0001 with no bid. no matter if its 1 million shares or 100 million trading the company just keeps issuing shares. It has used this investor interest to use an exemption in the law for issuing new stock through these convertible notes.
As long as there are endless shares being issued the stock cannot move up.
It is also delinquent in its filings. But had a pretty good record at keeping current before so I would expect they should file, maybe doing year end and quarter at once with lots going on has delayed them.
But basically while I see the same potential here as some other people they have to :
1- Take out the convertible notes
2- Work a deal on the Indiana note that allows them to stay in business and pay back slowly or refinance or pay it off with capital
3- Get current on filings.
It wont take much money to fix this thing, a 100% fix would be less than 10 million. A good enough job about 4-6 million.
But it cannot go higher until those convertibles are out.
Say you bought IBM stock at 100 dollars a share and someone , lots of people are lined up to buy it from you and you think its going up, but then IBM walks in front of you and hands those buyers their own shares at 100 and there is no end to the shares they have to hand the buyers. That is what is going on here. It cannot move.
Keep this board active! This was the best stuff posted in a long time.
If I had to guess they should file or say something by late june or so
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