Debtholders are Now boardmembers! Is it Takeover time?NO FINANCIALS, NO CFO, Tryin g to fool investors with false financials called "selected, unaudited and uncertified" and now the board advisors are the same debenture holders, ex owner/CEO, and pals.
A very sad situation. The new "advisors" to the CEO who cannot run the company on his own are the debt holders who are ready to takeover and go private and all us investors lose every penny left. Still Halted in Canada, still no financials, still no CFO, and now no money to pay vendors!
For the ex CEO and debt holder to advise the current CEO how to run a company that has disappointed its investors and in a record period of 16 months, the stock lost -97 percent off its value after the halt in Canada and the fact that the company has no intention of giving investors any financials because they are not in good shape, no CFO on staff is a big indicator and a proof of the potential path. I wonder how the current CEO feels to be advised by an ex CEO? A move coupled with no financials point at a potential takeover and becoming a private compan. Simply if you invested $1000 just after reverse split, today you only have $34 left