Don't let her get you upset Fuel. She is just upset with her investment being practically worthless. I mean, she claims to have 75,000 shares. That's 750,000 shares, pre-split. Let's assume that her average cost is .30 pre-split. $3.00 post-split. That would be $225,000.
Now we have the split and the stock is worth .52. 75,000 shares times .52 = $39,000. Wow, she has lost $186,000. Remember, this is just a penny stock. Once you put this in black and white, I can see why she is so upset and is threatening you with a suit.
What's really sickening is since the split, the outstanding share count has risen from 25,000,000 to 139,000,000 (+/-) shares and she still touts this as a great company. That is the equivalent of 720,000,000 shares pre-split.
In order for this to get any kind of favorable financing, I would say that TIGI will probably come to the shareholders for another reverse split.
Isn't that how they justified the last reverse? If memory serves me correctly the company said that they had to have the reverse split in order to get the 'SECRET" IB to give them $125,000,000. This is quite interesting, since we still don't know who the "SECRET" IB is after 7 months, and most importantly, the company still has no financing. However, they do have a debt payment due the end of this month in the neighborhood of $125,000.00, plus the money they still owe the IRS.
I am curious as to how Suzanne can say the Pennzoil deal is so great, when the history of this companys deals have never amounted to anything. ie. Lifetime Learning, Babe Ruth, Eckert Drugs, the list just goes on and on. |
