We don't actually know that he knew exactly what he was getting into. We know that at the time he understood that he had to stay current and maintain certain parameters to not go into default; on convertibles that were in all likelihood presented as loans with company shares as collateral because he had discussed that notion as part of the explanation in his progressive increase of the A/S. Of which he had intent on paying back, before shares would get issued or he wouldn't have bothered maintaining those parameters, which he was doing at one point, like clockwork.
We also know that his understanding of the kramer partnership, was supposed to be just that; an actual joint venture partnership. And in a previous post I posted a link to the PR in which that whole notion was publicly proclaimed in two parts. First was his statement in that the partnership brought relief to the typical struggle of indie film maker. And second, in a direct quote by the kramers, that basically stated their primary interest in the whole deal, was to support and foster independent film makers. But they failed to mention the part about pushing them in the dirt when the initial fanfare was over and financially sodomizing them for personal gain, which is essentially what they did.
Because they started converting pretty much as soon as the agreement allowed(many months before the movie even got released so there was Zero opportunity given to Dan for loan repayment before they started converting) and frankly, were probably short selling the share structure with offshore brokers the 20 days prior to conversions because how coincidentally convenient, the bid got cleared out from .0008-9 right down to .0001 shortly before they commandeered their first tranche of shares. What a coincidence, Big discount on converted shares to cover a short position with plenty left to overwhelm the market. Essentially an orchestrated effort IMO, to try and push grodnik into a R/S just in time for the movie release. Dont forget they had a standing warrant for 1.2 billion shares at .0003. Which would equal huge profits for the kramers in a pps run from .01 to .10 on movie release news, with little to no competition from existing shareholders that got wiped out in an R/S.
Secondly, not necessarily, as that remains to be seen. Devil in Pew number seven may be that movie if it gets produced and released. The book was NY best seller and Oprah Winfrey favorite book, not to mention the author was interviewed by Oprah. So there is already somewhat of a captive audience for all the people that read the book 10+ years ago.
