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Re: shajandr post# 97410

Friday, 10/16/2015 12:22:11 PM

Friday, October 16, 2015 12:22:11 PM

Post# of 221992
This does not necessarily appear to be a solicitation, but a disclosure on how they intend to screw all the shareholders. Basically, they intend on selling the debt to someone who wants the shell for other reasons. PEMCO and the CEO looking to take the patent and assets and put it in another shell without the rest of the debt.

Basically a reorg. without going through court. It is well written disclosure. And if by chance stupid shareholders throw good money after bad, well, it is a subtle (we hope someone gives us their money).

What is funny is the auditor refused to review the 10Q for Q3. There must be a strain in the relationship. The auditor can push the cost of the Q3 review onto the bill for the 10K before releasing the Audit Report.

This tells me the auditor does not have faith in the issuer.

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