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bigfoot422

01/14/12 9:00 AM

#11361 RE: latrod #11360

Latrod, honestly I don't believe there's a pr Larrucea can release that will move the pps north UNLESS it's revealing the F500 company's name and a vast amount of cash up front.

As far as the rebreather goes ( if true ) it won't be for a very long time we see much on sales with it unless several contracts are released with monies attached.

I hate to say it but this isn't no shock to me at all with the 10.

I just couldn't see them not going further in debt based upon the FACTS released by Larrucea.

What is disturbing to me is that Larrucea did ABSOLUTELY nothing to try to stop the bleeding.
Especially ( if true ) the info you researched about the rebreather and Larrucea never once released it in a pr.

Not saying it's not true just saying why didn't Larrucea release that info ?

jmpo
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TJG

01/14/12 9:22 AM

#11362 RE: latrod #11360

latrod, I have read this thing now twice, second time around has shown me that its not as bad as it seems. But I am also not going to waste my time trying to justify what is real vs what some are going to preceive is real. Whats real is the debt... whats not real is how a few here think its going to be resolved. Much of the debt is in convertable's that can not be converted at this time... for instance if a person actually reads the 10 they will see that the often talked about 3.15 mill is still just that 3.15, none of it has gone down as none of it has been converted. There are several other new CD that are not convertable for a while, but they do show on the debt line.

I can tell you that the biggest detractor here has not read the 10-K, as he has already made two statements that are simply dead wrong. I will restate that in order for these guys to dilute there has to be a market for shares to be bought.

Currently they can not, so a PR or seriers of PR's will be indeed be released. People need to remember that not all investors are readers of the mighty IHUB boards... and for sure not all investors know how to or take the time to read the 10's.

So this is not dead its just lying in waitin, common sense tells us that unless they actually want to go out of business they will be doing something to generate interst in it. Good luck here and hope you can maintain your sanity.

One last thing... this is a bad 10-K and if your were going to release a seriers of PR's would you have done it before this 10-K was released so it could crash the stock...or would you release them after the 10-K so you could boost it up... think about it.