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Friday, May 07, 2010 5:42:56 PM
This Quirk guy is supposed to have the option to buy these millions of shares at .14 and .19 right,(because this is a good deal) well for whatever reason he decides he wants more time. Barnhill says sorry Mr Quirk, you have to purchase by September or your warrants expire.
Quirk says...ok Barnhill, if you want to be that way then here is what you get....
Files lawsuit and then commences to sell a few million out of his 55M to drive the price down and create a panic. I believe he bought in at .08 so he can still realize a small profit.
Once the price gets low enough he can buy back many more shares little by little at a price way below .14 and .19 and he then doesn't care if the warrants expire.
Either way he must still think there is great deal of potential here or why would he care about the warrants at all, he would just let them expire and go away. He just wants more time, maybe he knows things aren't going to happen as soon as they were supposed to and doesn't want to tie up that amount of cash for so long.
OK, these are some random thoughts at this point, comments are appreciated.
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