Replies to post #177662 on DD Support Board and Research Team

[OMOLIVES]

Love it...this cat is correct(underlined portions):

I am a retired SEC attorney. There aren't any conversions allowed while the company is a non-reporting status.

If the company does become current again then conversions can continue but I'm under the assumption that the company is working things out with convertible note holders.

Otherwise the convertible note holders will never get paid back.

That is only the case if said company was a reporting company and is now delinquent. And yes..if they stay delinquent..and don't provide any current public information... then in most cases..those short term lenders are screwed.

This cat has no idea:

I don’t know all the technicals behind the conversations. But I can tell you that

The company decided to be delinquent in their financials because, under rule 144 of the SEC, people cannot dilute and convert the shares if the company is not current.

THEY PLAN TO BE FULLY REPORTING IN THE COMING MONTHS. and are working on a negotiation with the noteholders

We went delinquent to stop dilution and buy us time and for the BENEFIT of all shareholders

Thag is why you see a stop sign. It means nothing. GFTX be current soon

And something tells me there’s something coming, based on public press releases, that will give this company so much credibility.

HANG ON FIBERHEADS THIS WEEK WILL BE AWESOME.

That assumption is based on "not acting in good faith". Very important to understand "acting in good faith". Would love to see that default award...and would hope that such short term juiced lenders have some of those full ratchet warrants in play...lol. With that said...those same lenders would still be screwed in the short term......and possibly long term(but the company would be gone as well) You screw over one lender...the others pay attention. And such is still the case no matter what type of lender was screwed over.