Thanks for that analysis. Similar to my assumption
Post# of 40991
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Posted On: 03/18/2019 9:56:16 PM
Thanks for that analysis. Similar to my assumptions, it does not appear the CEO has the interest of current shareholders as his first priority. He seems to want to take care of himself and get his company off the ground while using his current shareholders as the sacrificial lambs.
Good catch on that debt tidbit that was not included in the previous report. That certainly seems to go along with standard pink sheet CEO behavior, which this CEO has demonstrated in spades; string your investors along through smoke and mirrors to extract as much equity before share price officially collapses.
Question is, what will this mean for tomorrow and the rest of the week? Sentiment seems poor, and toxic note holders care not what the price is, so long as they can convert. Downward pressure could be significant, and upward movement would be like swimming against the current.
Good catch on that debt tidbit that was not included in the previous report. That certainly seems to go along with standard pink sheet CEO behavior, which this CEO has demonstrated in spades; string your investors along through smoke and mirrors to extract as much equity before share price officially collapses.
Question is, what will this mean for tomorrow and the rest of the week? Sentiment seems poor, and toxic note holders care not what the price is, so long as they can convert. Downward pressure could be significant, and upward movement would be like swimming against the current.
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