All we know is from year end 2016 Bruce held about .9% of the common and a unknown amount of convertible preferred, promissory notes, and debt. At year end 2017 that number changed to 6.2%. At the same time Lenoid daughter's holdings dropped from 9.99% to 8.5%
There was no 13 G filing and no indication that Bruce bought any shares on the open market, which is highly unlikely since they were converting promissory notes to common on average at .0027, which is most likely. When you have a company struggling to survive on a cash basis there is no reason to buy in the open market, since it is always better to keep the company afloat via cash flow by buying the promissory notes.
The important thing is not to stop questioning. Question everything (Albert Einstein), because Fools rush in where wise men never go!
