SB did nothing with the SS, the OS increase is from prior mgmt. He notified us of it on the last CC. He reduced the AS 70% "to appease" the chat rooms because the increase from 18B to 200B wasnt his doing either. He left it at 60B for now until he knows how acquisitions will shake out.
What contradiction? They filed to reduce the AS from 200 billion to 60 billion.
The OS has raised from 8.9 billion to 12.4 billion, perhaps on the last of the convertible notes, and may stay there with need for cash infusion to expand business operations.
Where's the contradiction? Are you saying he's not reducing the AS and that will never happen?
If you know about the company you would know about the prior management of HPIL.
Stephen Brown came in 2-3 months ago and is actively running a business and trying to clean up the company.
Old management led my Nitin destroyed the company and fled from the debt they created AND somehow got themselves a lawsuit.
Stephen Brown walked into it all and cleaned it up with his own money.
The huge amount of notes from the prior management/company is out of Mr.Browns control Even if it wasn’t What other move could he have made?
AS already reduced by a significant amount from what it was 200B -> 60B. Plans on reducing it further because he sees no point in it being that high. The same is said about the entire SS.
The man is doing a lot. A little more than 2-3 months and you should be satisfied
NOW we have a real clean slate and the old companies ghosts have been tossed out of the closet, into a dumpster fire where they belong. $HPIL
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