Tuesday, September 15, 2015 12:27:03 PM
We believe that consistent shareholder communication is important, however, restraint for limited durations may be required or appropriate from time to time as we respond to opportunities to build value. We appreciate your continued patience and discretion as we do so.
We have much to report and have a plan to do so
99% of the starting balance, is expected to be eliminated or converted into restricted equity before year end.
We will speak more to that in the coming months as we execute our outreach plans.
We believe that the completion of that transaction has helped us to negotiate for investment, restructuring, licensing and acquisition terms at valuations much better than our current stock price. We hope to complete those over the next four to six weeks and will provide further updates as appropriate.
We have also finalized terms and are currently working on debt restructuring, investment, joint venture, license and acquisition agreements for transactions that we expect will involve issuance of approximately 20% of our share ownership in the form of restricted Series H shares
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