Posted On: 10/05/2016 9:40:35 AM
Post# of 96881
My prediction that the Annual Report will not help the PPS without substancial news to accompany it due to revenues between $17-18 million and increased expenses necessitating several massive dilutions have been realized. The 25.1 r/s when the stock was trading subpenny .0032 was necessary to reduce toxic debt was to increase pps to dilute even more at shareholder expense. Two dilutions more since June 30 and possibly another one that just happened (yet to be verified) have driven the pps down to .0215 (or .0009 pre-split). They needed to raise funds and raising A/S to 4 billion shares to sell at .0009 wasn't attractive. Wouldn't it be nice if the company would let their loyal shareholders know why they continue to dilute (purpose)? Is it to raise funds for marketing? Purchase of another streaming machine? Patent registration fees for new products? Content deals? what ?. We are over due for meaningful information from the company. I do not expect the next quarterly report to help pps with the recent dilutions. I pray the current quarter is what we came here with our investment money is all about. Overdue SHL to include us in the process is expected. Please!
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