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tchalla

01/27/12 9:14 PM

#23614 RE: MrMojoRisin #23612

and the squeeze happened. now, the 8k is out and the company is fresh out of assets. the market makers know that the company will be forced to raise the authorized. that is why they started shorting again today. there are plenty of shares to be sold out there when the mm's crash this on monday. there is still $4mil debt. you cannot deny that. in black and white. the company is insolvent. you cannot deny that. they have a burn rate of almost $2mil per month in the red, you cannot deny that. AND they still owe $4 MILLION to creditors. how do you pay $4mil with a $2mil per month in the hole burn rate when you have exhausted your os and sold all your assets? BK or authorize and issue many more shares? which is it?