If I thought such a thing deserved to be kept private it would have remained so. But what we need to put in check is all the things he has done behind shareholders backs. What I say to him I should be able to say to anyone or vise versa.....why should any of this be blanketed in secret?.....this is a public company and we are addressing this company not talking off the cuff.
It all surrounds 3 things. The discovery of the 10bn shares, the discovery of the new 504, and he wanting to dump shares. He needs buyers to sell at this level. No stock at this level and no stock in the sub penny range can support a million for a 504. Maybe 100k to 200k and then it all ends but not here, not at .0001 if a 504 took half the share price from .06 it should have ended there with a 50% loss in share price.
Even here it gets dicey unless he Pr's he raised all the cash he needed. Then backs away giving it a chance to rebound.
He showed he would do nothing to protect investors or this company as he continued with his onslaught. What good is having a home or a new car we paid cash for if we cannot sell it to anyone. This is no more than common sense.
But there is and ulterior motive here.....keep the share price this low and it flies under the radar of the Sec........never mind how it got there. Its the high fliers that gets their attention, and he knows this, and all the ones involved in this kind of activity knows this, and believes it will not draw the attention of the regulators.
Look at this poor companies share price, he needs to be raising money so to speak mentality.........
But in reality how can any Ceo institute a 504 when the support level was just hanging at .001.........but do it at .0001 is really sick.
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