I have to say something here. Over and over and over again I have heard this on this board and while not participating in other boards, I have seen it said there as well. Maybe in some situations there's some truth to execs making money off the shareholders. But I can't see any way how the CEO or other management at this company is "getting rich" or making any money at all. In fact, they are probably lucky to even have their jobs while the company can still pay their bills.
The money from the conversion of all these shares has already been given to the company many months ago when the loans were made - they are just paying out to the lenders as their loans have come due, via stock unfortunately instead of cash which obviously they don't have, yet. Now if the argument is that they are getting rich in the sense that they are not working hard but earning a paycheck, that certainly could be a valid point, if it's true, but hopefully that is NOT the case here but that they are working their butts off to make something of this company.
At this point the company is sort of a mish-mash - co-signer, Hillary (or other) fund raising via call centers, and affiliate network. How they all fit nicely together in a complete package is unclear to me, and hopefully the company can clarify.
I for one am not going to sell my shares anywhere near these prices - and the more people that can hold, the better it will be able to run.
AI
