And do you really think a CEO is going to say the word "Bankrupt" to a shareholders when he needs his debts paid off? I mean really, for one moment here take an outside look in here, the paperwork speaks for itself, a mountain of debt that needs paid, the need to raise the AS to convert some of it, deferring some of it and default already occurring on a part of it. Saying that "bankruptcy" is on the table when he needs to convert debt to shares and those shares need to be bought up would land him in court by the Note Holders...lol
The past financials are not "built" in here, there are no "Earnings per Share", this is a negative operation, thus why deficit increases over time. Gross Profit here is simply product and shipping removed from revenue, no other overhead costs come out. Operational burn rate is $500,000 per quarter and yet the gross profit from the last quarter is $6100. Barely over 1% of the operational expenses in a quarter, on a good quarter, nothing good about that at all.
This is a moving target, the share structure does not change a little, it changes a lot, they dumped 670 million shares since the Q3 report, they have increased the OS by 3.5 times it’s size and it continues to grow, nothing could be “priced in” when the OS continues to grow at such a rapid rate and will continue to grow due to debt conversions, thus why they need the AS increase here now. They are already telling people it is going beyond 1 billion and we need at least 5 billion right now.
Each conversion heavily depends on PPS support being maintained, as the PPS sinks lower more shares have to be handed over and those next 4 billion shares are going to go a lot faster than these last 670 million shares.
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