half full stated: "Just do what you know how to do and things will work out just fine."
That is indeed blind optimism.
No placements had been made as of April 15 and no cash from other sources.
The loan payments are due to resume in 5 more business days.
Initially, there were 14.5 million shares in the stock option and bonus plan. A lot of those have indeed been issued and maybe he had to do another S-8 to have shares to pay his employees. I have not gone back in the filings to see exactly how many have been issued in the stock bonus plan.
If the payroll is about $70,000 as it has been in Dec and Feb, then it will have to be about 875,000 shares issued at 8 cents. With the effective date of the filing today, he could have issued the stock to the employees concurrent with the filing. I doubt that any could get the shares on the market by tomorrow but they should be in place for sale next week.
I will have to agree with Docking station. It is not a matter of being too busy to answer the questions. He did not want to answer any questions. The time he took to communicate back and forth to agoracom and reacting to posts on this board, he could have easily answered the pending questions.
It is probably a fact that the answers could have done more damage than good and would have included multiple disclaimers once again.
When Wittenberg resigned, maybe he told Moro that he would not kill the stock. Any way you look at it, lots of stock has been offered between 8 and 9 cents. Maybe that was also the purpose of the Small Cap pump. To provide a selling opportunity for Wittenberg.
