I haven't had any respect for this company or the credibility of the CEO for a couple of years so don't go there with the blue chip nonsense. Find me a blue chip stock where the CEO's public statements can CONSISTENLY be revealed as misinformation by using their own words in the press releases and filings.
The fact that the promoters here cannot offer a single reason why one should be buying this ticker reveals the disingenuous nature of their complaints. Clearly there are much better bets among the thousands of OTC tickers who release credible public information and aren't dealing with toxic debt defaults.
The common shares are useless to this company right now, so why would someone consider a long position for themselves? Very few 7s have been painted in the last year and a half as the company's financial situation has deteriorated so consider anyone holding in the 6s as a hopeless long. Everyone keep promoting while the few who can sell the news to the hapless who seem to always chase the next promotional press release. That group of chasers however has been declining.
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