If he isn't happy with PPS, why not constantly update shareholders with amount of debt left to be converted? Then shareholders can look at remaining debt, figure the discount to market, and make some informed assumptions on how many shares and at what price remain to be converted. Using past filings to get these #s is like looking in the rearview mirror to determine where you are going based on where you've been.
I certainly haven't been here as long as many on the board but right now, as a long term investors, why should I trust this pinkie is going to be different than 99.5% of the crap down here? Is there $20K or $200K left to convert? Makes a monster diff in the death spiral. If investors were confident in the amount and impact, we would be significantly more inclined to buy up the supply and thus drastically reducing the dilutive effect of the conversions. But pretty much everyone of us that habe invested (not traded) in this realm has probably been burned badly. So-update us and help us help you (with PPS). RIGHT now, the unknown is only helping the filters, shorter (pretty much same groups) and the day traders/flippers.
I don't know Jan. Never have conceded with him. He may be pure as the snow. But right now, this company is being pumped in with the rest of the trash and he doesn't appear to be communicating directly with shareholders to prove otherwise.
