"There was a post by a member who who stated that they talked to either Slotkin or another director that this move was designed to protect against a take over of the company when the as/os/ and float was much lower.. "
I read that too but reading the last 10-K was a lot about convertible notes.
Roger Slotkin: "We have never been properly funded- ( at ANY time since I have been here )" (dingdongrb post#3769)
Anyway an anti take over for current company value of $496K is not very credible IMO.
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