Incorrect, the 14c clearly states the authorized s
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Posted On: 05/12/2022 11:56:03 AM
Incorrect, the 14c clearly states the authorized shares will remain at 1 b shares. Nothing to do with performance.
Will a reverse be authorized by the board - who knows.
Info from the recent 10-k below.
Since our inception, we have been insolvent and have required debt and equity financing to maintain operations.
Since our inception, we have failed to create cashflows from revenues sufficient to cover basic costs. As a result, we have relied heavily on debt and equity financing. Equity financing, in particular, has created a dilutive effect on our common stock, which has hampered our ability to attract reasonable financing terms. For the foreseeable future, we will continue to rely upon debt and equity financing to maintain operation of the Company and its subsidiaries.
Suggest you read the full 10-k which is where I pulled the above info.
https://www.otcmarkets.com/filing/html?id=157...qRAI_Badth
My opinions.
Will a reverse be authorized by the board - who knows.
Info from the recent 10-k below.
Since our inception, we have been insolvent and have required debt and equity financing to maintain operations.
Since our inception, we have failed to create cashflows from revenues sufficient to cover basic costs. As a result, we have relied heavily on debt and equity financing. Equity financing, in particular, has created a dilutive effect on our common stock, which has hampered our ability to attract reasonable financing terms. For the foreseeable future, we will continue to rely upon debt and equity financing to maintain operation of the Company and its subsidiaries.
Suggest you read the full 10-k which is where I pulled the above info.
https://www.otcmarkets.com/filing/html?id=157...qRAI_Badth
My opinions.
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