Hi DJ. Just caught up on some posts here, and good
Post# of 40989
I'll pretend I didn't have these thoughts - or I'll excuse myself for thinking - if it turns out (can I ever really know?) that there was an unavoidable and sad family health/medical/life emergency. But I'm not going to get overly excited if SB did play a "plausible/deniable" family urgency/emergency card to buy a little more time. Depends on the true underlying reason and intentions. Everyone deserves a little bit of wiggle room, just the same as how most jobs allow folks to call in sick without seriously getting the 3rd degree or a waterboard debriefing on the illness. I know, many believe he's already wiggled enough.
My guess is that SB felt - or someone convinced him - that coming out with the update prior to having this "pink limited info" situation cleared up would not be the best path forward.
I'm not sure how he's going to navigate this, but I think we all (should) know - it's pretty obvious - that the OTC Markets "Security Details" are going to have to be fixed before he can get us back to Pink Current status - with or without the attorney letter. The O/S is clearly not right, as stated and on the date that it was updated (2/21/2019). The Q1 report clearly shows that on Jan 31, the O/S was 4,647,267,244 shares. And on Feb 14, the O/S was 4,732,271,172 shares.
That's issue #1 to deal with OTC Markets and the yield sign issue.
Issue #2 is that he's probably got his hands full explaining once again why the previously-explained (to OTC Markets) O/S of 3,105,705,518 does not match up with the financial report that was just filed... for that 1.4B reduction, a board APPROVAL is one thing, but you have to get it done. That Q report shows only that "On February 10, 2019 the Company’s Board of Directors approved the request of Mr. Steve Berman to surrender, to the
Company’s Treasury, 1.4 billion issued common shares." I don't know, can he get things like this done properly without having Delaware cleaned up? We know Delaware has been left hanging since the earlier balance due was paid, but it still shows "void" and tax returns have not been filed (so we don't have "good standing," right?).
I think figuring this out is the first step, and then of course there's the issue of folks believing or not believing in the financial reports - where there's talk about an audit being the answer to everything. I have some thoughts on this, but I believe there are many very positive things shown in the financial reports that do not require an audit, and I think it goes beyond "audit" and doesn't actually require an audit to resolve. But that's another topic, and I don't want to drone on and on about what I think. Maybe another post.