Listen, I have no ulterior motive, and anyone who's been on this board for the last year will tell you the same. CEOs say all the time they have no plans for reverse splits and then, guess what, they do them, and in the OTCs they usually own preferred shares that give executives full voting rights, so shareholders don't have a say. In Bannon's case, he has no need for a reverse split in the near term since he has 5 billion more shares to dilute. If you think that kind of insane dilution is to serve some greater shareholder good rather than to wipe out shareholder value to pay off toxic debt, then I wish you good luck.
Parenthetically, the most recent batch of bagholders here, who went down with the ship from .015 to .0005, were told by investor relations that all the notes were done converting and they were working on negotiating the debt so other notes wouldn't convert. If you haven't guessed, that was BS and shares were dumped with every positive PR, just like they were last week. 5 billion more shares are coming, and since the company isn't profitable, it pays the bills with these shares--the shares that will wipe out shareholder value again barring a legendary OTC miracle. Looking at the track record here, I don't know why anyone's cheerleading for Bannon, who added $3M more debt last year but somehow left that out of his rose-colored PR.
Again, I sincerely hope all of you get filthy rich here. Anything could happen. But if you can't process obvious facts about the stock's history and its likely outcome based on financials, 5 billion more shares, and toxic debt on the books, don't blame me.
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