Never give candy to a baby and try and take it bac
Post# of 2199
(Total Views: 320)
Posted On: 04/24/2017 2:23:44 PM
Never give candy to a baby and try and take it back.
Our ceo has done just that. Telling shareholders it was bad to take on the toxic debt and by realizing this; instilling shareholder confidence by reducing the sharestructure is honorable. However, she took the candy back by going back to the toxic lenders for more money. THAT's A NO NO.
I'll call it as I see it. She went back on her word - for whatever reason; and, well, lied to her shareholders. Maybe it was naive of her to think she would get alternative financing from a normal lender but that doesn't happen or should say rarely happens with otc pink stocks. Risks are too great regardless of the business plan. This is just a stall tactic for her hoping somewhere someone will help her besides toxic money. She needs the money to expand and I think by putting that PR out before/after the 10Q was in hopes it would offset the ugly filing. Sadly it didn't work and there is little to no forgiveness in this playing field.
Quite simple...she fucked up big here. and now we have colateral damage control. she's being punished for it through the note conversion, shareholders dumping etc. it's not over yet as you pointed out.
I'm not bashing but stating the obvious. I still think this is a good long term play providing the revs can justify her expansion and pay off the additional notes come due Sept
Our ceo has done just that. Telling shareholders it was bad to take on the toxic debt and by realizing this; instilling shareholder confidence by reducing the sharestructure is honorable. However, she took the candy back by going back to the toxic lenders for more money. THAT's A NO NO.
I'll call it as I see it. She went back on her word - for whatever reason; and, well, lied to her shareholders. Maybe it was naive of her to think she would get alternative financing from a normal lender but that doesn't happen or should say rarely happens with otc pink stocks. Risks are too great regardless of the business plan. This is just a stall tactic for her hoping somewhere someone will help her besides toxic money. She needs the money to expand and I think by putting that PR out before/after the 10Q was in hopes it would offset the ugly filing. Sadly it didn't work and there is little to no forgiveness in this playing field.
Quite simple...she fucked up big here. and now we have colateral damage control. she's being punished for it through the note conversion, shareholders dumping etc. it's not over yet as you pointed out.
I'm not bashing but stating the obvious. I still think this is a good long term play providing the revs can justify her expansion and pay off the additional notes come due Sept
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