Absolutely stunned... I don't know who is the b
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Posted On: 07/24/2018 6:10:25 PM
Absolutely stunned...
I don't know who is the bigger criminal today - JF for knowing behind the scenes everything was a joke and bailing out albeit illegally doing so or Dr. Hirsch and team for committing legal theft by doubling all the employee salaries including his own at time when no revenues are anywhere on the horizon and being dishonest about the direction of the company during the 2017 year-end report and the presentation at the investor's conference this past February.
All the signs for the blatant dishonesty were there; I was too foolish and ignored sign after sign after sign. So much for the "many positive catalysts" remark during the presentation.
No revenue on the horizon means at least an additional 10-12+ million shares of dilution over the next year just to pay the outrageous dividend. For the next round of financing, what will that cost? 50 million - 100 million shares of additional dilution. What do they care? They can just issue another round of stock options to themselves to counter the effects of the dilution while the rest of us watch our investment go down the drain.
I don't know who is the bigger criminal today - JF for knowing behind the scenes everything was a joke and bailing out albeit illegally doing so or Dr. Hirsch and team for committing legal theft by doubling all the employee salaries including his own at time when no revenues are anywhere on the horizon and being dishonest about the direction of the company during the 2017 year-end report and the presentation at the investor's conference this past February.
All the signs for the blatant dishonesty were there; I was too foolish and ignored sign after sign after sign. So much for the "many positive catalysts" remark during the presentation.
No revenue on the horizon means at least an additional 10-12+ million shares of dilution over the next year just to pay the outrageous dividend. For the next round of financing, what will that cost? 50 million - 100 million shares of additional dilution. What do they care? They can just issue another round of stock options to themselves to counter the effects of the dilution while the rest of us watch our investment go down the drain.
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