And just how should the CEO come out and say she made a mistake? You seem to want her to bow to your wisdom and experience. Trust me, she will not. I believe she made a good decision when that was made and I am sure the company had mechanisms in place to keep the lid on it. The mistake was what the T/A did, but you can get a copy of the complaint and read it for yourself. I already did. It was NOT foreseeable that the company' own paid agent, who had an absolute fiduciary responsibility to the company, would help perpetrate a fraud, and for that, she should be unapologetic.
But notice you start the negative rhetoric, and the bid gets slammed......again.
With regard to those credit lines, I guess you didn't analyze the immediate dilution the company and its shareholders would have suffered had those lines been used, via an S1. With the volume of shares traded, those "equity lines" would be a waste, and thats probably why the company cancelled them. At least with convertibles, they can be hedged every 6 months. I assumed you analyzed all of this already. I know I did.
