I have learned from talking to these self-proclaimed ceo's that they will never inform the masses as to realty. Many have gotten mad at me because I want answers to questions that they do not want to talk about. Arne never wanted to talk about financing.
I am not pointing a finger at you Lil as you always seemed knowledgable about the business. Noone can start a business with no money IMO. Awyi never had enough assets to get conventional financing IMO.
we all knew he had no money and anybody could see what looked like classic 'death spiral' financing and share structure shaping up-but there was always an upside and for the price the risk was very acceptable-so we did what we did-if not for the meltdown he probably would have closed financing in june and we all wouldn't be having this discussion---a lot of big companies with real balance sheets imploded a lot sooner than this little stock with no money and only debt---go figure
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