Well I happen to know them and have been with them for a while now. Lorraine put up her own money and has not been paid in years, so to expect her to continue to work and not receive compensation is unrealistic. So to me, it's reasonable, after 5 years, to be granted a discount to market to convert the debt the company owes to her, into stock, rather than wait until the company has material funding and take the cash. To me, that shows a lot of confidence.
You also failed to mention (as you have failed to do in your other posts) in her last venture that they had additional funding lined up but was pulled, not because of her or that company, it was October 2008 and ALL FUNDING DRIED UP. You don't get inside those big companies if you don't have technology that they want. So you can try to draw negative attention solely due to your own playing games, that is, unless you are a psychiatrist, then as MD to MD, you and I should have an offline conversation.
You are of course entitled to your own opinion, but you need to share the whole record. By not doing so, it looks like you have a vendetta. You know that.
