I re-read the 8k with more patience to realize your accuracy. This agreement is either very bullish or very desperate... Maybe both, but I hope it is the former. Assuming the conditions of the settlement agreement are met, current share prices would realize about 100% gain before shares become unrestricted.
The BOD clearly views this company as a home-run hitter, and perhaps dilution vs. debt is the better approach. No debating the immediate affects, and 2015 looks to be another ebb and flood year unless Pilus takes off.
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