SS unchanged today...again: I spoke with the CEO A
Post# of 417
Posted On: 08/15/2016 12:30:47 PM
SS unchanged today...again: I spoke with the CEO Aug 10th...11 min call with little information given despite specific questions asked:
1) He said all notes were and will be detailed in the financial releases every 3 months.
2) He was advised not to communicate beyond that with us (so it was me expressing concerns; not so much him responding)
3) He said the next filing is coming up in 3 weeks. I couldn’t get out of him if that would be to the acquisition terms or if he referred just to the end of the fiscal year requiring the 10k (which obviously wouldn’t be finalized right away).
4) He said, however, that the 10K will have to be filed within 71 days (not the typical 90days) due to the what he called “merger”, the acqiuisition of MCV comp. INC
5) He is truly is not following the market, the pps, the mechanistics of trading whatshowever but someone in the company does. At first he suggested I could talk to “them” another day and he took my name/number.
6) When I said how toxic it becomes when upon falling pps conversions occur (equaling e.g. 10k to 10M shares at o.oo1) and that at some point it’s a toxic spiral he said, again, someone else in the company would have to talk to me about these matters but also said “anyways we are not using this sort of financing anymore”.
7) When I asked if the management discusses matters as to share value and re-instilling investors confidence he said “Yes, a lot of things are going on” and I really would have to talk to the people dealing with this aspect of the company.
1) He said all notes were and will be detailed in the financial releases every 3 months.
2) He was advised not to communicate beyond that with us (so it was me expressing concerns; not so much him responding)
3) He said the next filing is coming up in 3 weeks. I couldn’t get out of him if that would be to the acquisition terms or if he referred just to the end of the fiscal year requiring the 10k (which obviously wouldn’t be finalized right away).
4) He said, however, that the 10K will have to be filed within 71 days (not the typical 90days) due to the what he called “merger”, the acqiuisition of MCV comp. INC
5) He is truly is not following the market, the pps, the mechanistics of trading whatshowever but someone in the company does. At first he suggested I could talk to “them” another day and he took my name/number.
6) When I said how toxic it becomes when upon falling pps conversions occur (equaling e.g. 10k to 10M shares at o.oo1) and that at some point it’s a toxic spiral he said, again, someone else in the company would have to talk to me about these matters but also said “anyways we are not using this sort of financing anymore”.
7) When I asked if the management discusses matters as to share value and re-instilling investors confidence he said “Yes, a lot of things are going on” and I really would have to talk to the people dealing with this aspect of the company.
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