Thank you for acknowledging that. I think people know where to find the SEC filings by now.
My comments regarding ignorance as a defense and dismissing the details in the YA deal were to contrast your previous assertions of Intent being the way around any potential situation that may occur from the bid test issue and your persistent dismissal that nothing bad can happen to the company should it violate or default on any provision.
As I previously pointed out, there is a provision that applies to all events which gives the company 15 days to remedy. This is why the late filings is not a problem and certain people have misunderstood pointing out going to Pink triggers immediate default. The Pink situation, if it comes about due to the bid test failure cannot be remedied within 15 days which is why that needs to be on people's radar.
Even still, should a failed bid test occur, there are multiple reasons why an immediate notification of default will NOT be imposed by YA Global. So should the bid test fail and nothing happens right away don't jump for joy just yet. Remember, there are a lot of note holders and settlement holders out them besides YA and Dominion that will want to convert there amounts owed. YA would wait until these are all completed in order to avoid having to pay those holders off. It's much easier to let them all convert into shares before doing anything. If the length of time it took Hanover to complete its conversions is any indicator, we could be looking at as much as 6 months.
"Of course" this can be avoided by meeting the bid test on May 1st and every month to follow but time is running out. It needs to happen quick. I know people think getting official word the IR case is over with is going to do it but I'm not so sure. Any other news like another Andrews Institute deal had better happen post-haste for the same reason. It is concerning that after the Andrews deal was announced, the best and greatest in the company's history, the stock continued retreating from the previous day's highs around and above a penny. That deal was/is epic in that it finally brought the treatments to the mainstream via one of THE premier Institutes. The INDs are nice but they don't help us by May 1st.
If anyone was holding off buying for whatever reason NOW is the time to do it. The only way to guarantee this goes above a penny is with buying.
