Gotta see what happens but if this is the ABJ note converting in full, it is going to be absolutely brutal for current holders. Without an 8-k there's really nothing else to assume. ALPS showed up on the 25th so if the prior debt was restructured there would need to be a filing Monday. Then again they have had late filings lately and were 7 days late and defaulted in Nevada before finally filing so who knows?
The best-case scenario is a renegotiated debt and that what we have been getting hit with are commitment shares for the restructuring.
It is greatly disapointing that they are not further along here. I was remaining optimistic and hopeful but getting dumped on and having my core position return to the same PPS I bought at 3 years ago has just pushed my patience over the edge. I'm still holding that position, but not much else of what was once 3 times that amout of shares.
Long past time for Isiah to get his s#%t together and quite treating this as some part time hobby, IMO.
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