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Monday, May 11, 2015 9:15:03 PM
Well, if that assumption is right - and it happened 34 times - they should have issued 145 million shares to cover the total of $145K debt enumerated in the filing.
First, this is a wild assumption on your part. Second, how do you know that the amounts were exactly the same 34 times? I suspect this is WAY WAY off. Third, you're reading more into the reports than the data that is provided. Your conclusion is based on an interpretation of what you read, not necessarily on facts ... which, admittedly, we don't know. Sure, there were errors made, now they're fixing them by forcing the note holders to either turn those share certs in or buy an equivalent of what they had, but at a much higher PPS with FDA approval news pending. My opinion, for what it's worth, is similar to what has already been posted today ... the note holders are praying that shorts will try to take down the PPS until the 9th day, then we'll have a MOASS.
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