Health Discovery Corp (HDVY)

[MBMoney]

If I'm reading the 8-k correctly, the following statement represents more than dilution:

Pursuant to the terms of the Promissory Note, the Company granted to the Note Holders a priority security interest to all intellectual property as well as all past, current and future agreements and patent infringement activity involving the Company (the “Assets”)

Heck, for $410k the lenders appear to be incentivized to work through the money, which they certainly will before a jury verdict could possibly be reached with Intel, assuming it ever goes to trial. Thus, the lenders take private control of the IP and any infringement activity.

Sweet deal, unless you are a shareholder. So glad I moved on with the run-up. Saw this coming a long time ago.....