Thursday, June 19, 2014 12:03:51 PM
His responses on in BOLD as he answered my questions:
Eric,
Good morning.
I did not listen to the CC but I am sure it explained much of what we had spoken about and what you posted on your blogs.
I must ask again if there is any further update on a time frame or amount? Any inkling would be much appreciated - the unknown is as devastating, and maybe even more so, than a difficult truth. So I would appreciate an answer to these three questions, whatever those answer may be:
1. When do you think you may know about the 'gesture' for the long? -- Soon, weeks, months, no idea...
It will crystalize during preparations for the S-1 filing, because it will probably involve the issuance of a new class of security or instrument. We will be writing the S-1 application over the next few months.
2. Ballpark figure of financial impact of gesture? 5% , 15%, 25%, 50% of original investment...
Not possible to determine yet. This depends upon the nature of the instrument that is chosen.
3. Are you confident that such a 'gesture' is even possible/legal? Absolutely, probable, possible, unlikely....
Legal – absolutely.
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