He is 82. He holds five different positions at the company and pays himself a salary for all of them. The guy is a real joke and always has been. The company has the potential to be a solid outfit, if and when Bob the greedy parasite unwraps his tentacles from it.
Unfortunately, that seems unlikely to ever happen. Bob uses the ticker for his personal enrichment. It's basically his retirement account. If he has his way, he'll milk every nickle he can out of it before accepting a buyout offer and walking away into his final twilight years.
I think most traders, even those wishing for a pump, have labeled him as the OTC pariah he is. For that reason, who knows if this thing ever gets the legs it needs to convert out the rest of the debt. There's billions of shares just waiting to be dumped. A reverse split is inevitable. Even if a buyout did happen, or it became part of a roll-up acquisition, they'd reverse split it before that happens.
Bob is a liar. He doesn't give one flip about shareholders. As I've stated before, Bob has tried to reverse split more than once, even by his own admission. All so he can dilute all over again without any care in the world for shareholder equity. The only reason it didn't happen was because he was denied. So what did he do? He cooked up more lies. "Notes frozen." "LOI for acquisition of a 15M revenue generating company." Same pathetic tactics. Same lies. Same result.
And it'll happen all again, eventually. There's still debt to convert, so he'll need to spin a pretty good story, soon enough. Good luck having this thing breach low trips as bagholders bail like rats from a sinking ship.
News 
Market Data 
Discover 
