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Thursday, December 29, 2016 5:05:02 PM
They were given the opportunity to buy shares at $0.013 ($.338 post split) whenever they wanted to, and this opportunity came AFTER the shares were already trading at a massive premium to the conversion price.
There is NO risk involved for the p-noters. Except that there would not be enough retail dupes to buy their shares as they dumped them over the years. They will still make a profit from the deal as long as the stock trades above $.338 a share.
These guys dumping their shares piecemeal since the SUNW acq has done massive damage to shareholder value, and it was all set it motion before the purchase went through.
That is why I say that shareholders are screwed by design.
Some of the people involved in the creation of these Santa Barbara companies are convicted criminals (conspiracy to commit securities fraud no less) involved in an FBI sting.
Don't believe me? Here are the court documents to prove it:
Indictment: https://www.scribd.com/document/307470376/Indictment
Sentencing: https://www.scribd.com/doc/308292924/Sentencing
They shamelessly ripped off their shareholders, who happen to include people who bought shares since a few weeks in 2013.
It really is these people, using Nelson, who ripped off shareholders more than anybody else.
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