Not sure I can convince anyone but if you cannot see thru CB's ignorance and stupidity in finacial matters then you should probably have someone else running your financial system.
What's his threat?
We have a 2M note due.
To whom?
To his brother.
Judge: Did you do everything in your power to secure financing to pay the note on time?
CB: Well Judge, we filed with the SEC a preliminary statement in June for a R/S to pay the note by way of the share issuance.
Judge: So a month before the note is due you filed a prelim?
CB: Yes, Judge.
Judge: On account of not raising the financing on time the asset attached to that note, land/wells that you developed with shareholders money now goes into the hands of your brother.
CB: Errr, well, uh, yes that is correct.
Judge: So you filed for financing at the 11th hour and only in the form of a prelim, told the shareholders that they lose the asset because it wasn't paid on time due to your "stupidity" and somehow, that asset ends up in your brother's hands. Mr. Bitters that doesn't look very smart and where I am from that looks like something that requires an investigation.
Now, how many of you out there think CB is serious. I just laid it out in plain English, did I not?
I mean good grief people, that has to be the biggest snow job ever. The R/S is dead. It is time for management to move on.
Have a good Holiday.
