About Nixon dumping shares --
Yes, he could do that, but at .0001/share, he'd only get ~$300K out of it with the current A/S. Yet, since he got revoked, he has opened TWO NEW RESTAURANTS !!! (El Cazo and a 2nd Kalaka Mexican Kitchen), and has publicized plans to open a third new restaurant, Takiza Taco & Tequila Bar, for which he has an LLC, a website, and a registered street address for the restaurant (the former Margs Taco Bistro), plus he had the Denver Post publicize it.
Given that he was able to do that, does it sound like he needs to dump shares to get money?
But even if he needs money to allow lenders to convert shares to get their money back, does it make sense that he'd only need $300K's worth, which is all that is left in the A/S?
Now, the counter argument is that he can be an <insert curse-word here> and raise the A/S, and then dilute as much as he needs to. That is definitely a possibility. It happens all the time in penny land.
BUT, another strategy is conceivable, namely that once he files, if the filings look good, this might run up out of the .000x's, and even out of the .00x's and stay there. In that case, he might, without dilution, consider a reverse split in order to trade on a higher exchange. With his shares now really 'worth something,' he might attract investors who see value in a higher priced, non-dilutive share structure.
Pure fantasy? Perhaps. But it's Saturday, and time for me to go to the dump, rather than worry about Nixon dumping shares.
