Gents, I hope we get the news we're all anxiously
Post# of 41414
Posted On: 11/23/2015 2:25:19 PM
Gents, I hope we get the news we're all anxiously waiting for this week or next. It feels like it's about to POP and we all know it's way overdue. It will go a long way to help this company get on the track of producing revenues instead of remaining in survival mode. We desperately need to get out of this low .002-.003 range and up past .01 so that they can minimize stock issuance.
For the record total outstanding shares are as follows:
March 20, 2015 was 5,806,560,449
October 20, 2015 was 7,185,735,957
The longer we linger down here the more damage done to us shareholders because the company has to issue more shares at a low price to raise enough to survive. The more shares outstanding the lower the ceiling will be on "the run" we've been patiently waiting on.
Also, I'm not sure if you guys read the fairly recent Form D filing that was posted in October that relates to the Crowdfunding raise but in reading that filing I found it interesting that of the $10mm they're wanting to raise they estimate $250k "has been or is proposed to be used for payments to any of the persons required to be named as executive officers, directors or promoters in response to Item 3 above." Item 3 lists all Management and Directors. I realize the company is in survival mode and they need to pay management until they're revenue producing but it is something to be aware of.
http://www.otcmarkets.com/edgar/GetFilingHtml...D=10949421
I realize everyone is on basher patrol around here because of a few scumbags, but want to comment that nothing in this post is bashing. I'm just posting facts and as investors in this company it's something to know and monitor. I continue to hold 6mm long and strong and pray for the mini evac closure to come ASAP so we can move one step closer to producing revenues.
For the record total outstanding shares are as follows:
March 20, 2015 was 5,806,560,449
October 20, 2015 was 7,185,735,957
The longer we linger down here the more damage done to us shareholders because the company has to issue more shares at a low price to raise enough to survive. The more shares outstanding the lower the ceiling will be on "the run" we've been patiently waiting on.
Also, I'm not sure if you guys read the fairly recent Form D filing that was posted in October that relates to the Crowdfunding raise but in reading that filing I found it interesting that of the $10mm they're wanting to raise they estimate $250k "has been or is proposed to be used for payments to any of the persons required to be named as executive officers, directors or promoters in response to Item 3 above." Item 3 lists all Management and Directors. I realize the company is in survival mode and they need to pay management until they're revenue producing but it is something to be aware of.
http://www.otcmarkets.com/edgar/GetFilingHtml...D=10949421
I realize everyone is on basher patrol around here because of a few scumbags, but want to comment that nothing in this post is bashing. I'm just posting facts and as investors in this company it's something to know and monitor. I continue to hold 6mm long and strong and pray for the mini evac closure to come ASAP so we can move one step closer to producing revenues.
(0)
(0)