There's 809 million shares o/s as of January 31 and according to the CEO the rest of the 4.191 billion authorized are already allocated to the 2 remaining noteholders, just not issued yet. (preferred control the company)
I asked questions about merchandise and calendars and why it's not reported in the Q and the CEO never answered. He answered all my other questions except those.
A problem with the debt is he was extremely incautious when he was taking loans. Heck, there's one loan for $905 he issued over 60 million shares for. So he pretty much buried himself in extremely unfair hard lending right out of the gate, over 6 billion shares worth at deep discounts.
According to the CEO, events can cost anywhere in the neighborhood of $50k each and currently due to lack of money, he can only take on events that will provide everything for free.
Free seems to come up a lot in conversation with him. Is he frugal or cheap? You can decide but even the free interview he did the other week could of been put at least on the iHub news wire for a measly $100 but he said it was too much.
As far as why they're just not busting out... your guess is as good as mine. CEO said if he can lock down financing, he has a big catalyst he will announce then will launch a PR campaign.
But right now he has the number one product in the world (sex) and he can't figure out how to sell it. Hopefully the light goes on and he can get this ball rolling.
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