Cdub, good post and have enjoyed all of your thoughts.
If you read the entire note, including the prepayment penalties you will get a new prospective on early payoff. It is not akin to our previous friendly notes for early payoff.
Up to 120% and the 8% APR penalty. Bend over and smile, this one may hurt a little. Let alone if they default, that shoves 7,350,000 shares into the dilution pot.
This is a Toxic Mama Jama at all levels. Including not saying what is the 8K for exactly, other than it's a private placement with an accredited investor. Yep, that one makes me sleep just fine.
However, to the companies credit, their getting good at filling out 8K's. Even filing 8K's to tell you an 8K is coming. We are big boys and girls and can think for ourselves, thanks anyway.
I'm getting tired of this, can you tell. I'm a long 2 plus year cheerleader that simply want's to share some truthful feelings backed up by quantitative math.
For $350,000.00 a year plus millions in stock perks, I would pack up my little alligator belly brief case and spend 20 hours a day on the road looking for regular domestic trade financing if I really cared about the shareholders. In addition to finding a way to lower the share structure without doing an R/S of any sort. They raised the OS without a R/S how about a little company help.
Hey, Mark in IR. Did you get that. My inbox is full of the same sentiment from heavy bag holders.
If you can sense a new frustration in my post I'm guilty. To be down $130,000.00 because of simple greed and not so well thought through moves is making me ill. In to long to sell so please, pom pom leaders please don't tell me to sell and move on. I have more shares than you could wish for. And, for heavens sake all you R/S proponents wishing for a R/S. Just f'kn stop. You have not been through enough of them to speak any truth. If it's in conjunction with an up list and 50-1 or less split we might survive.
VRUS
ST
