My guess is that as soon as all the legal proceedings are finalized with Daniel Schreibercup we will see a clear and forthcoming update from the company that will clarify what has been going on in the background.
IMHO we are witnessing exactly how an OTC stock can be manipulated, the company paid $400K to settle an ongoing lawsuit and $200K of that wasn't due until next year.
Prepaying tells me that the company is moving forward and that's a good sign to me. (That alone would have moved any other company to at least a double in share price.)
Our outstanding share count increased around 250 million shares due to the litigation, that part is behind us now. That right there accounted for a 26% increase in our OS of which happened within the past 45 days.
Our OS was very stable over the past year @ approx. 969 million shares.
Talks of massive dilution every month is quite frankly incorrect, the change in the OS has happened as of late as described above.
From where I sit I really like that the company was proactive in ridding our relationship of Daniel Schreibercup by prepaying the legal obligation according to the justice system. (Appeal in process)
He and his type along with the traders down here are exactly what is wrong with company's that are traded in the OTC.
Very easy to manipulate with low volume.
https://www.sec.gov/litigation/admin/2010/34-61504.pdf "The Securities and Exchange Commission (“Commission”) deems it appropriate and in the public interest that public administrative proceedings be, and hereby are, instituted pursuant to Section 15(b) of the Securities Exchange Act of 1934 (“Exchange Act”) against Daniel Schreiber"
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