from latest filing...
****In connection with the debenture settlement with Golden Gate, Golden Gate entered into a stock purchase agreement which required Golden Gate to purchase $100,000 of the Company’s restricted common stock for every $10,000 in debenture redeemed through the escrow. Through June 30, 2007, the Company had sold 1,332,128 shares of restricted common stock to Golden Gate for $1,332,128 under the agreement. In addition, the Company received $2,206,501 from Golden Gate as an advance on future stock purchases under the agreement. *****
So GGI already puchased all those shares at $1 each with an advance puchase also, so even though GGI sold shares to get their ~$220,00, they are still spending millions for restricted shares at $1 each.
I'm guessing GGI knows what the value will be later, and assuming they realize a r/m may also come before their shares are sellable, I'm holding my shares!!!