I have got a scary thoght I would like to share.
The company claims that there's been naked shorting going on in the stock. How do we know the company hasn't been selling shares for the last few years to raise money for all their acquisitions. I find it very disturbing that they will not ungag the transfer agent. Even now after they supposedly announce share structure which personally makes no sense to me, they still have the transfer agent gagged. Then they give themselves a preferred deal of .17 cents per share and they have effectively removed any profits that would have remained for the common shareholder. When I asked Ron what the float is, he tells me he has no idea. Why does he not have any idea?
Ron tells me that the preferred shares are there primarily as a poison pill to protect the company in any kind of takeover situation. That they don't necessarily pay anything, but when you read it. It sure looks grossly different.
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