This is only my opinion but he will want the $890,000 + 2 years of interest another $100,000 + something for his time and effort. He will also try and get some money for Claude Smith.
I think he planned to use the uplist to cash out and then when that failed he went to plan B the merger. He and Smith will take most of the money from any merger and leave shareholders with virtually nothing.
Thats what I think is happening here unfortunately. Those who have talked to Gene Newton know it is all about him first and the shareholders....who cares.
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.