Blue, what is the CEO to do if in fact the intent is to fully use the Publicly Traded status and allow their debt to convert into shares, rather than use company funds to pay the debt down?
it works.. this is a solid company not scam.. i guess new ceo doesn't know how the otc market works..
He may very well fully understand how the OTC Market works and is looking to use it to erase his company's debt. While this is bad for anyone looking to hold long term, rather than flipping, it is 100% Legal and may in fact be the best long term plan for the company's bottom line and the CEO with his preferred shares.