Pop...I know you have said that in the past. I was just throwing that out there since it seemed about as feasible as the other things being said...default, extension, bk, RS...
Here is my take...and it's based on nothing more than speculation and intuition. I don't know why YA has extended this in the past. There is nothing new coming down the pike that would bring them full payment or anything near it. Their plan seems to be to convert to shares, dilute, and sell the shares into the market. No one is buying anything substantial with the no bid so they have to know that this is a dead end. The value of the patents seems to be nominal at best so they have to know that selling them would not put much of a dent in the debt.
It surprises me that they seem to let LM off the hook a lot. Including giving her another $242,000 in 2014 when the chances of them getting that back are slim to nil. I think they support her...crazy to say I know since she owes them bundles and has not delivered. They know that if they pull the trigger on this company that she would be out of a job and lose standing in her field. That may seem over the top but who knows why this has been allowed to continue and worse...why they gave her another quarter of a mil last year.
It shocked me that they have not diluted even 1 more share in the last quarter. There are crazy ppl buying...we have seen that.
What will happen is anyone's guess. I honestly do not see them pulling the plug. I believe it may be more in line with them writing the debt off and walking away or at the very least writing off a substantial portion of the debt and forcing sale of the company assets including the patents. It will seem crazy I know...but no more crazy then them extending this again.
Let's see what happens.
What we have here...is a failure to communicate!
