I had stopped looking at this company a long time ago, and just recently came back out of curiosity after the meeting.
But, I can't find anything about the dilution. Just the PR you all have seen about a drip drop of funding.
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What's in it for the new lenders? A piece of Big chunk corp for pennies?
Isn't there an SEC rule about information on shareholder meetings? I know Briscoe is running this from his living room now, and probably doesn't know how to type... guess we have to contact the transfer company?
Certainly has come up from its lowest point, but nobody is going to get excited about a stock under a penny! I get the impression the current trading is just wishful thinking on the part of bottom fishing day traders. Does anybody have an idea of what comes next?
This company is like a flea that you try to squish between your thumb and forefinger and it just keeps hopping away.
They are in default on their notes, yet somehow they raised a little cash to pay for the claims? Amazing. The only strategy I see for Briscoe is to find a partner somehow, somewhere. But who would partner with a company that is all but dead?