OTCQX:SREMF - Post by User
Post by
theancienton Sep 17, 2014 11:08am
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Post# 22943994
The Last and Final Struggle
The Last and Final StruggleBefore a company or a person go bankrupt, they usually go throught a phase of debt consolidation, this RBI debenture is just that; delisting is the least of problems, the unsolved and fatal problem is quality production, they send out this "Technical Audit" or "Technical Process Review Report " along with the debenture offering, why? is this "Tech. Audit " real and true? can you guys remember that "On time, on budget " news release, and the CEO reiterated that message everytime he went on TV.
They choose the words carefully, what do they mean by " no Fatal Flaws "? I guess that means the patient won't die, just needed life support from suckers. or they have too many tiny little problems, they don't know what to do,
A production and shipping update is more useful than all the tech. audits reports, I suspect production and shipping has stopped, thats why the share price drop so much so fast, we all blame the melt down on the dilutive nature of the "Offering", but one can argue that the conversion price of $0.50 is more accretion than dilution, because at $0.50 is a 60% gain for existent shareholders, I think they will use this arguement on the delisting issue. LOL CHEERS GLTA.