First Leon's shares appear to be in relation to conversion of convertible debt over the years or his original investment from years ago. He never goes over 10% and he always basically maintains his interest, so I would expect he has some type of anti dilute clause from his initial investment years ago. He did not invest in 44 million common shares after he witness the VP Messaging App his investment is from years ago. His investment today is worth only $880,000. I have not figured out yet whether he has a profit or a loss so I will have to get back on that topic. Second his current investment is worth about $880,000, which is less than the recent capital raise of $1,225,000 from the convertible A preferred stock. It is also just a little more than 1% of his original $85M hedge fund. So if he loses, it probably will have no impact, especially assuming his other investments have performed. Third there were investors that lost 10s of millions with Bernie Madoff, so what is a million since their are suckers born every minute like the preferred A investors, but they were at least smart enough to ask for twice their money back in a default with the first claim on any assets.
