InvestorsHub Logo
icon url

k9narc

06/20/18 11:31 AM

#43343 RE: ScorpGirl #43342

"Am I wrong? :( "....

Nope. I've owned my share of companies that have done a R/S and watched every one tank.
icon url

JBGoode

06/20/18 11:54 AM

#43345 RE: ScorpGirl #43342

You're not wrong with this level of company / the OTC for the most part. After the R/S, $OMVS has even indicated they can and are likely to issue a ton more shares (dilution). When the PPS runs down too far from that, they'll do another R/S, re-dilute. Wash, rinse repeat. They'll run the company on the $$ from shareholders with no return as long as people keep buying. When this gets down into trips, they'll break up the company, sell the patents & any remaining assets, and convertible debt holders will be paid.

The only way this won't happen is if they unexpectedly start to make a TON of revenue (enough to cover operating costs and pay off convertible debt, with profit). Even though SR indicated in a tweet yesterday or today that Q1 is supposed to show recurring revenue, I suspect it's not anywhere near enough.