DD Support Board and Research Team

[OMOLIVES]

I don't know. The rule wasn't a clean unanimous vote. Doesn't have to be ..but still. Power Up was one of the only efficient ones out there and this statement just kills me:

They held virtually none of the shares for appreciation. Instead, they quickly sold the shares—which had never before traded publicly—into the public markets almost immediately following conversion

I mean ..come on. Of course they aren't holding for appreciation. Appreciation is built into the note with the coupon and conversion discount. If they converted shares before they were allowed to..so be it...they are guilty. I don't believe the intention behind the rule change had anything to do with the lenders. Instead, it had everything to do with the Issuers. That is who they want gone..so they went after the cash.

The SEC should at least be straight with these matters and tell it like it is.