Replies to post #6454 on mPhase Technologies Inc (XDSL)

[NoMoDo]

A stitch in time saves nine. And?

Here is what has transpired in case you are unaware.... the officers of mphase bought stock as insiders and failed to report a very long time ago. The SEC found out and retaliated by NEVER allowing the company to increase their float or reverse split. Makes it really hard to run even a really good business with those restraints. Even harder if you have a company that is in the R&D phase of its business.

Now, that same company is pretty much dead as a direct result of the officers and the SEC. They resorted to toxic financing, which put the final nail in the coffin. However, as part of the NEW deal, the officers worked out a deal eliminating that debt. They also worked out a deal eliminating all litigation. So now we have a clean shell that is current on its audited financials.

A completely separate company is buying xdsl shell - meaning they don't care if the old company sold toilet seats or batteries - all irrelevant. Is the new company run by snakes? Well we don't know much about the new company, but we do the so called snake... seems he also owns rbiz. That company is doing pretty well.