The market was systematically bluffed into purchasing overpriced $TXHD Common shares several times since ~2Q2015 through unregistered penny stock promoters. These promoters were given free trading shares to dump in return for enticing unwitting investors to buy $TXHD Common at prices as high as $0.1309 in February 2016.
Several other promoters were hired, including but not limited to James Painter of EMC, and they were dumped on as the price started to return to reality from February 2016 onwards.
About 24 months later $TXHD's bluff has been called. $TXHD is unprofitable, has unresolved material deficiencies as per its own 8-K's, 10-Q's, and 10-K's, and still has toxic convertible debt. In addition the O/S has risen from ~110M in 2015 ~1.5B shares now, plus the 1.75B $TXHD Common which was recently converted to Preferred and not returned to Treasury and cancelled.
Even now the reality is that the free market wants $TXHD trading significantly lower in order for it to even want to consider taking a trading risk. Instead $TXHD's stock price continues to be artificially propped up by stock promoters, which is the only reason its trading above $0.0001.
There is no option other than a R/S in $TXHD. The debts aren't magically disappearing, and the company needs $250,000 in fresh funds to survive. That's in addition to the $100,000 annual salary + bonuses.
The longer it takes to perform the reverse split, the larger it will be. It's a lesson common across all tickers requiring a reverse split, no matter the Exchange they're traded on.
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