Right, why go public... Zaric's not exactly a neophyte here.... He & our COO (Sagiv Israeli) own a tiny bit of Cool Technologies (WARM). I believe that is just a passive investment, however, they do have some experience with cheap penny stocks. Anyone who's routinely been on this board knows that I've been pounding the table on the fact that Zaric does not own any common shares yet or at least none that we know of per the last SEC filing... Sure, he has the promissory note and the series a preferred (along with the green shoe warrant) that guarantees him 84.9% of the company.. But he would have to issue millions of new shares up to our maximum (625 mil) and then issue even more on top of that to satisfy that 84.9% number.... The only thing that would mitigate massive dilution is if the company had a substantial amount of common stock in the treasury, which we did not have when HPTG and Pro Star merged... And one more thing to consider, would a merger with a private company, which has value, 100% controlled by Zaric, allow him to receive almost complete control of the combined company, without diluting existing shareholders (or at least not as much)? Just a thought...
