I do not think anyone is pumping anything here. The stock had already fallen to as low as it can go before going to zero before we started this discussion.
We all acknowledge that more likely than not this will fail and go to ZERO (bankrupt). Even when we talk about it we always mention the chances are slim to none of anything happening.
But the discussion is mainly because of the odd situation where a company with a real product and real sales in the millions saw a market value decline from 160 million to 400,000 due to massive dilution.
I do get your point, as I am open to everyone's thoughts. You are saying it does not matter if Bates sold his stock, he built up a story talking about substantial millions in sales and then was able to borrow money on these convertibles with that story as a backdrop. I get it and its a valid point. My point is that other than using cash to fund the company and pay his salary he did not get rich off of any of this.
Everything I post is my own opinion and people should always do their own research and due diligence on any company they are looking at
