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Re: Guts post# 18304

Monday, 06/16/2014 11:27:58 AM

Monday, June 16, 2014 11:27:58 AM

Post# of 24848
People can argue anything they want, especially on this forum. And there is no question that the current sp supports many of these opinions, patience will ultimately prevail here, and I see no reason from a purely fundamentals reason whatsoever to sell. This holds true regardless if an "investor" is holding free, derisked shares, discounted PIPE shares or shares purchased on the open market. Based on Bob's statement in his interview, I undertand the PIPE investors are not looking for a quick profit similar to the most toxic financiers such as Ironridge and the unfriendly convertible noteholders.

And yes, the market clearly considers the type of debt that is on a company's balance sheet, as well as the types of investors or financiers who hold shares. Any argument that the market could care less whether a convertible note is in the hands of the CEO's two closest friends and his spouse versus companies such as Ironridge is per se false. Remember, the conversion price for the friendly shares is only $.17. I speculate that virtually all of the unfriendly noteholders who have dumped their shares converted their debt at significantly lower prices.