RE: Really?? Warrants from 2$ to 13 cents. Really? It is a sad reality that the company is so desperate for money that instead of letting those options expire, they choose to drop the price. How many warrants is that and how much, by %, will that dilute loyal bag holders.
They need 2.3 million dollars within 60 days to pay the debenture. If the debenture holders don't agree to the extension, this is done.
The only reason they would agree is that DL has them by the b$lls. They need to extend him or force int into bankruptcy. They also have the lawsuit payments.
I notice in the financials they failed to mention they had already missed a lawsuit payment. One more, and the settlement moves up to 2.75 million.
This is house of cards built on private placements. There is almost no revenue. Lucatchs compensation is almost the entire earnings of the new media division. Yes. You read that right.
Think he should still be in charge? Vote him out IF there is another AGM.