Filings present for 25% or less of convertible debt which paves the way for the next round of equity destruction. Read all parts and digest, else you will not understand. btw...... La Jolla, located in California, typically "drums" and plays the stock, whereas AJW, located in the Caymans, pipes, plays, and shorts the stock. La Jolla, in reality, is about $500,000 of the $3,500,000 of convertible debt ongoing with Shearson. While meaningful, La Jolla is only a tip of a large iceberg which is dragging SFNN down the tubes.
app.quotemedia.com
Look at it this way: (LOL) This newfound equity for shareholders can soon be used to pay AJW or the other two convertible debtors or even enter in a new convertible arrangement...... after all, they need cash, as only $9600 is all Shearson has on hand.
DON'T BE DUPED AGAIN. SMOKE AND MIRRORS. WAIT AND SEE.
SFNN SUCKS. |
