Yeah, we are unfortunately beyond quick fixes. Are you sure about the note, or is it a 65% discount from $1,5? If Ecab or someone else got the same deal it may explain if they're converting at 0.55 now. I wish Petrejus would be able to explain where all the shares are coming from, we have seen 150k shares a day being sold for quite some time now, and probably 7-8 million shares before that.
There's no way that anyone would give them a 100M dollar loan with this background. I don't think Solomon understand the concept LOAN, where he actually have to pay the money back in the future. His ATM with shares are over, the banks will not even want to sell his shares to get money back soon.
Solomon needs to leave his A shares and his company to someone else or he will be facing a lawsuit. There seems to be zero cash for anything at the moment, not even Solly would do these toxic notes otherwise. And TRW is struggling with cash, what a shocker.
Solomon would never be able to handle $100M, he would spend it faster than he pulls up his pants after the daily morning "dilute and cigarette" routine.
