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Tuesday, March 31, 2015 12:29:27 PM
HEMP does owe Perlowin $1.2M, which is a fact. If he takes shares as repayment, it means massive dilution. If he sells the shares held on the balance sheet then repays himself with that cash, then 1/3 of the assets on the balance sheet are gone.
Completely irrelevant to the discussion of HEMP's financials and the effect of Perlowin's management on shareholder value.
Nobody knows what is going on in Perlowin's mind.
Then so far he is failing. As to the reinvestment, he only appears to reinvest a small portion of the cash received by selling his shares, and since the the reinvestment is a loan, he eventually ends up with more shares and percentage ownership of the company than he started with.
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