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ImOnABoat

06/05/17 1:32 PM

#25281 RE: Mike032 #25278

The good and the bad about today's 10-K filing:


Good

1) Well, it is actually out.

2) No more toxic debt issued during the fourth quarter of 2016.

3) All convertible preferred shares are gone.

4) A solid number of shares is now held by large investors, including 6.2 million shares held by Damon Suter who appears to be managing a hedge fund in California:

https://www.linkedin.com/in/damon-suter-74089918

https://www.linkedin.com/company/citadel-llc?trk=ppro_cprof


Bad

1) Still no revenue in the fourth quarter.

2) Still one more toxic lender remaining.