I guess it depends on expectations. The company has diluted the share structure structure about 400 million shares in the last three months.
But I think the bigger issue is what has Tom been doing about it all since he started the vague statements about “equity investors” and “win-win” with note holders? He has said many times he has equity investor OFFERS yet he still can’t pay off the notes with anything but shares or new convertible debt.
I mean look at this one issuance in the 8K:
“On November 28, 2017, the Company issued 68,713,455 shares of common stock to Adar Bays, LLC (“Adar”) in partial satisfaction of its obligations under, and the holder's election to convert a $3,779.24 principal portion of, the Company's back-end convertible promissory note issued to Adar on December 19, 2014”
That is over 68 MILLION shares at a conversion rate of $0.000055!!! Yes that is FOUR zeros. That was on November 28!. He couldn’t COUGH up $4000-5000 to pay it off?????
It strongly suggests his “equity investor” talk has been nonsense. He couldn’t even take out a conventional loan to get rid of the Adar note??
And if he can’t be straight about that...why on earth would someone believe the “revenue” hype???
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