This is just a Michael J Black dilution scam. Shame on FINRA for letting him do another reverse split. For more than 3 years now HNSS has been used for nothing but a Michael J Black insider enrichment scam and this will be the 3rd reverse split they let him do so far.
And as predicted we see that pretty much every single share of free trading stock issued since the 1:200 reverse split on May 20, 2015 went to Acquest Capital Group Inc then was dumped into the market once again taking the share price down to no bid leading up to another reverse split. This time a 1:10,000 reverse split.
So on May 20, 2015 when HNSS did its last reverse split they owed Acquest Capital Group Inc $106,000
They managed to pay back $10,360 by issuing 540,000,000 free trading shares of stock.
Now they still owe Acquest Capital Group $95,640
That's another 9,564,000,000 free trading shares of stock at the usual $.00001/share conversion ratio they use on the Note (regardless of the share price at the time of the conversion).
Hopefully once this scam is back down to no bid FINRA is smart enough to put an end to this Michael J Black insider enrichment scam by not allowing him to do any more reverse splits in the future.
So let's recap this Michael J black dilution scam to date
Since 2013 when HNSS started disclosing information, HNSS has made the following debt conversions to Acquest Capital Group Inc:
800,000,000 free trading shares for $8,000 worth of debt in 2013
Followed by a 1:1500 reverse split on July 31, 2013.
1,000,000,000 free trading shares for $10,000 worth of debt in 2014
1,100,000,000 free trading shares for $11,000 worth of debt during the first quarter of 2015
Followed by a 1:200 reverse split on May 20, 2015.
540,000,000 free trading shares of stock for $10,360 worth of debt
Followed by a 1:10,000 reverse split on September 7, 2016
That's a total of:
3,440,000,000 free trading shares of stock issued to Acquest Capital Group Inc for $39,360 worth of debt spanning through 3 reverse splits and they still have $95,640 worth of debt to go.
Why would anybody ever want to buy a share of EnviroTechnologies International Inc stock off the open market knowing what is really going on here?