the operating loss was $18M, not the debt. Most of that is the derivative liability from warrants. Actual convertible debt that's owed is closer to $6.5M with most of it in friendly hands. About $800k with hedge funds, but that most likely goes away
they don't have $50M in debt liar, show us where they have $50M in debt!! What's your motivation for lying about the debt? Another basher loser
yes obviously it was missed by both the company and the investors. it is specific to Delaware companies so I'm sure it doesn't come up that often
obviously you're missing the bigger picture. Either 800M shares of stock have to be bought in the open market to fix it, or the $800k in toxic debt gets wiped away. These toxic debt funds don't need to go through the company to get shares issued, they can go direct to transfer agent.
in essence, the par value of the shares is .001 and shares CANNOT be issued below that price. All shares issued by the transfer agent below .001 were issued illegally and are owed to the company. Bottom line is the debt holders either have to go in the open market and buy them back (unlikely) or extinguish the balance of their debt to offset illegally sold shares. Either way this is a HUGE catalyst for the stock and the fact that people are selling today is idiodic
This is the most important thing in the 10-K and the blowhard missed it
"The Company, as a Delaware Corporation, is subject to the laws of that state. Under Delaware law, the Company may not issue shares for a value less than par value. Certain issuances that occurred in the fourth quarter were issued in error below par value in violation of Delaware Law. The Company intends to enforce the Delaware par value limitation, and to remedy any transactions that occurred below par in 2014. Under this limitation, the conversion and exercise floor would then consist of 3,036,756,839 shares (a number less than the 13 billion described above) and the Company anticipates that the convertible note holders will either deliver to the Company the excess shares, or deliver cash, or have any remaining principal and interest lowered by the equivalent dollar amount that is owed to the Company as a result of the excess shares issued to these holders. The outcome and timing related to Company’s enforcement of the par value limitation on its convertible securities cannot be determined at this time."
Translate that for me genius
SEC was sent your post where you state you talk to the CEO all the time. They love knowing who is getting inside information
you're an immature idiot. I was exactly right. The share count was 1.842B shares with the balance being held in reserve hence not issuable, hence maxed out. GFY you lifeless loser. you can't admit when you're wrong. Tool. My agenda just exposed you as a blowhard. I know more than you. I own a lot more stock than you. I am in general better than you in every aspect of life. LMFAO
sold out of initial 500 unit launch very quickly and sounds like demand will be ramping in a big way. They could do $3M-$5M in revenue this year it sounds like and the current market cap is only $5M. We should be trading at a dime by year end imo.
yeah, the first toxic note from december goes toxic in June, unless they raise new money to take that out the stock will be .0001 by x mas
Q1 comes out by 5/15. Expecting Q1 revenue to exceed that of all 2014. Should be better in Q2.
They already announced they cleaned up toxic debt so no worries about people pounding the stock.
Expecting more pilot rollouts. Expecting more midicaid reimbursements in other states. Expecting some pilots to convert into deals.
The stock could easily be a dime by year end
you're just full of bs, you spin your nonsense however you want for your own benefit. zzzzzzzzz. it's pretty simple stuff, if you call the transfer agent you can get the information pretty easily. Sorry i didn't tape record the call and have it transcribed. But now we all know you're full of it. loser
why do you think that? none of the technical indicators such as RSI are even close to overbought. Though I hope you're right I'll buy more
This news flow is just beginning in my opinion. I think we could see a nickel by Labor Day if not sooner