I bought into this scam months ago when the share price was around where it's at now. Sometime following, Hoffman announced a 70/1 reverse split. The share count quickly went from around a million to it's current 24 million. I know it's tempting to think it's at a low, but what you need to understand is that Hoffman and his daughter have been living off the backs of scammed shareholders for years and will continue to do so as long as there are enough suckers like me willing to buy shares. Two honest board members quit last summer which should have caused me to bail, but of course I continued to hold out hope things would turn around. The lies that have spewed out of this #$%$'s mouth are endless, such as share buybacks, Neuromancer news [ casting supposedly finalized months ago], blaming naked shorts for price decline, supposed market cap of 15+ million, on and on I could go. Ask yourself this question, what ethical ceo would draw a 500,000 salary in addition to stock options when the share price has declined over 99%. If the co. was truly worth anywhere near his market cap valuation, why is it trading at well under a million dollars. Believe me, he will continue to dilute, finance his and his daughter's cushey lifestyle with toxic financing, and screw current and future shareholders without loosing a moment of sleep. This pair of Slimeballs are truly the worst kind of human beings and what give Wall St. a bad name. Understand the past and you don't have to wonder what the future holds with the Hoffman's in the driver's seat.
ok dpronco, I'll do a cut/paste from your 2013 Jan. 31 message:
bought into this scam months ago ----- Understand the past and you don't have to wonder what the future holds with the Hoffman's in the driver's seat. dpronco you are still whining about this more than a year later from when you went long. Maybe you need counseling. I'm not trying to upset you. It's that you need to get over your financial loss. JMO. Earlier today you talked about what went on in the past. You are dwelling in the past. If you keep one foot in the past and one in the future, you're just #$%$ on the present. —Ellen Muth. I grant you there is good reason for you're being PO'd. But over this spam of time, it's not healthy.
Believe me, he will continue to dilute, finance his and his daughter's
its not about believing it is a fact which is disclosed in 2 filings. 20 m more shares to be sold ASAP (to around Number of shares of common stock outstanding after this offering 51,353,526 shares of common stock). The voting (you shouldnt really call it like this since the majority voting rights are in the hands of a few preferred) on the 28th Jan asks for a total of 250 mil shares outstanding. mulitiply 250 mil by 70 and this is actually the total amout of shares (oups i forget there were 2 more rev split in the past)