Noticed that also but was reluctant to ask because I basically don't trust anything in the e-mail and don't trust anything that will come as an answer, but the question does need to be asked.
Also the answer was coyly alluded to by Vern earlier in the week so I know that by asking we will be obliged to indulge him in another fan dance as we tease his version of the truth out. I'm just not in the mood.
Supposedly JM came into possession of the units. The strange part is that he would consider the money that he got for the units as compensation for his loan to the company. If it was cash for merchandise transaction, then the loan would still be owed, so this could be showing a flaw in a fabricated story. That is another reason I don't really want to hear Vern's answer as it will no doubt fail to address this apparent incongruity.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.