Q1 2017 reported the share structure 3 years ago was as follows--
Total shares authorized: 300,000,000 as of: 3/31/2017 Total shares outstanding: 205,237,457
68.4% of the A/S had been issued and was outstanding
That was before Darnell and convicted felon Roxanna Lou Green-Weber pulled their 1-for-1,400 REVERSE SPLIT on 6/27/2017. People woke up to find they had ONE share for every 1,400 they had the day before.
Today the numbers are as follows according to OTC (not sure why the O/S hasn't been updated i 5 weeks since it's supposedly "verified)--
Only 23.78% A/S has been issued and is outstanding. That's down from 68.4% before the R/S. Sounds great eeh?
"Great" until you realize the A/S was NOT reduced!!! It remained at 300 million which is equivalent to a MASSIVE increase in the number of authorized shares. Had the A/S been reduced by an equivalent amount (1-for-1,400) that number would have been a tiny 214,286. So by keeping the A/S at 300m that's equivalent to an INCREASE of >>139,899.8%<< (140,000%). This use of smoke and mirrors is how scam managements effectively print mountains of new shares without appearing to.
If that's not bad enough, now multiply the current O/S by 1,400 to see how it compares it with the pre-R/S number of shares.
Today's 71,325,284 shares x 1,400= 99,855,397,600--NEARLY 100 BILLION!!! That's a staggering eye popping, nose bleeding increase of >>48,554%<< more than the 205,237,457 pre-R/S shares OUTSTANDING in June 2017!!!! NOW YOU KNOW WHY THEY KEPT THE A/S AT 300 MILLION!!! The main reason was to pay down their TOXIC "DEATH SPIRAL" NOTES https://investorshub.advfn.com/boards/read_msg.aspx?message_id=129888482
Today's PPS of $2.14 is equal to a pre-R/S price of 0.0015.
And there's worse still to come. 76.22% of the A/S is still available to be issued and dumped into the market.
THIS IS PRECISELY WHY THIS STOCK WILL NEVER "ROCKET TO DA MOON"
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