RE:Financials were posted yesterday Lol, a little less than 15 grand cash left so financing is a sure thing imho. They are not going to be able to finance at .005 so that imho means a reverse split is a sure thing also. Hell, there isn't even a bid here right now and that is starting to be the norm lately.
It is good to see expenses have gone down and a slight revenue increase for the year. Amazing how that coincided with the dismissal of Anthony Jackson of the Bridgemark scandal. Probably just a coincidence. Haha. Also nice to see Burns and 3 other members of the management team's private entities take in 517 thousand dollars in "consulting" fees for the year. Yup, that is over a half million dollars to 4 private entities owned by management. 180 grand to Burns' company alone. That is 15 thousand dollars a month for someone who has run this business in a way that has essentially wiped out every single shareholder in a short period of time. Go ahead and try to sell. It's not possible at the moment with there being no bid. Greedy management? You decide
My guess on the likely reverse split ratio is 1:25 and then financing at .10 and then a shreprice shortly thereafter of 5 cents or lower. I also predict Burns and the other three will continue make out very very well financially. Shareholders are usually the last to benefit in the penny stock world imho. Yet management in penny stocks seem to almost always get rich. Hmmm. Gonna need to raise some cash here imho. God forbid there be a situation where those private etities can not be funded adequately.
Resign already Burns so someone else can try to get us shareholders some of our monies back. Or better yet, you and your buds show us shareholders some confidence by maybe making just one insider purchase of shares and quit taking so damnnnn much compensation. Of coarse I am just dreaming at this point. Welcome to penny stock land