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Re: Johnny_C post# 46147

Friday, 07/14/2017 4:26:44 PM

Friday, July 14, 2017 4:26:44 PM

Post# of 97081
I had read a conversion rate of 14:1 for preferred shares. Is this accurate in your estimation? If it is, then we're talking about 610M shares after conversion. That would still put the share price at about $0.65/share. Assuming the $400M still, and also not counting sales. (Big holes there) I think the legal action is strong based on J&J's tactics which are standard legal delaying actions. I haven't seen anything which indicates that the courts position on the first findings is going to change. I'm optimistic on the outcome. August numbers will be important towards determining future viability.