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Friday, April 25, 2014 7:04:24 PM
That's the part that one can't leave out. It's of their own doing. They inked the floorless convertible share deals with the "ASHERS" of this world, they, mgt issues the boat loads of "in the money" warrants, they dilute the shares- it's all under their command.
If the company wasn't essentially broke, and broke for a long time now- they wouldn't be in this predicament IMO.
But the underlying basis of "how did it get here" and "why is it a 3 cent massively diluted stock" is 100% management's doing- no one else.
They just filed to up the outstanding shares to 2 billion- so they're "doubling down" to use the ole Vega term. It'll only get worse IMO.
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