Replies to post #48078 on Frequency Holdings Inc (FRQN)

[work-n-hard]

I think what has some people spouting things like you mentioned, is because they are frustrated by the PPS being at .0004 along with the next note coming due next week, which we can only assume will be covered by more shares...sold lower than the previous shares were sold at.

(and may be converted to common shares at or 50% of the lowest traded price during the thirty days prior to conversion)

So maybe the exact words that they are using are not accurate, I think it's not wrong to say that, a lot of people use general "slams" about Pink/ID stocks, simply to express their frustrations.
I for one never thought the share price would be such that the company would be selling shares at .0002, but that is what has happened and could foreseeable get worse than that.

I guess until you get the stock out of the gutter, you'll just need to get used to it.

[Ron Burgandy79]

We are upset because of the share price. What are you doing to improve this? An update on the future outlook of the company is what we need! That is your job as CEO!

[trader59]

Yeah, but, some pump and dumps aren't necessarily the insiders selling stock, some happen when toxic lenders loan money in exchange for very profitable conversion rates, y'know, like the ones on the books for this company, a lot of it converting at 50% discount to the market, the note to Trillium Partners was converting at the lesser of $0.0003 or 50% (ie - they've converted at $0.0003 until the PPS dipped below $0.0006. That's all in your recent quarterly, showing the 231M shares added on those conversions in one quarter, over 50% of the O/S added. That's the pump and dump, bolt on a business with someone notable that can be pumped so that those lenders get to convert and dump stock.

While we're at it, I'd asked this question awhile back, mind answering it?

So, if you're really him and have the time to post here on iHub, can you please explain the plans for the stock? I see the previous owners of Reachout were given preferred stock in this company when you merged it in that converts into what is described as 87.5% of the "fully diluted" common stock, Trillium partners were given 10%, and Everett Dickson 2.5%. I understand why, as you guys owned 100% of Reachout when it was private, and you're not going to just hand over any significant percentage of ownership to the holders of the legacy common stock of this shell for nothing, so this question isn't about maintaining the ownership stakes by you or your private investors. It's about how you get there, as the only way that I see it happening is a large RS of the existing common stock followed by the conversion of the preferred stock. Can you explain what your plans are so these guys don't buy a pig in a poke?

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=176352987

[Ron Burgandy79]

How do you feel the company is progressing over the last couple years and are you proud of the fact that we are sitting at .0004? Kinda of embarrassing don’t you think? Have you put your best effort into this company?

[Ron Burgandy79]

Looking forward to another week of dilution and zero progress from your company! Keep up the hard work Rick, you are a star!

[Ron Burgandy79]

Hey Rick, do you and your cowardly clan of brain dead losers have a game plan with this pathetic merger you have taken over? We all think that you are a piece of shit, care to prove us wrong you pathetic idiot!

[Ron Burgandy79]

You are failing miserably here. Get your shit together and start working to bring value to this company. You promoted this heavily when it was near a penny and you have done absolutely nothing for the shareholders you have lied to. Do it quickly!

[Ron Burgandy79]

Get your ass to work and start turning things around here. This is an absolute joke and you are completely at fault. You never should have promoted your company when it was near a penny. You come across as a complete fraud and there is no excuse for your actions. You never should have taken over this ticker because you are completely incompetent.