Well it can't be much less than it is now. Doesn't get much lower.
There has been speculation that John was supposed to meet with Mark a few weeks ago, but not sure if anyone can verify whether it happened or not. I personally think Mark still has a hand in the company unfortunately, but hopefully we'll hear soon that John was able to make it on the board at least.
As far as the 400 million O/S ? Are we sure that some of the current O/S isn't already due to the debintures?
On Jan 11 2007 they reported 21,885,000 in outstanding shares.
On Jan 11 2008 they reported 228,774,164 outstanding shares.
The only one reporting buying anything between that period is John Browning, but that was on the open market. Otherwise debintures were given to the NIR group between May and July. There was also a lot of volume in that timeframe. Maybe they already converted a good portion thinking at the time the price wouldn't get much lower.
Of course I'm not the best at this game so take it for what it is worth.
