Good post,.. still..Paul's position before being let go was 2 million shares, so if he was selling, he would not of sold it all..not sure if at this point if he would have to disclose that.
Paul's firing was the catalyst that brought this to .05..this is something noone could speculate on, had nothing to do with fundamentals, and I believe actually caused the stock to change course..This I am well aware of. I believe strongly from prior weeks volume, and past experience here that the venture capital firm has already sold their 600,000 shares. The board, from what I have heard on the grapevine, fired Paul not because he expanded the O/S count 2.2 million to add 2 revenue producing facilities, because he got their approval for that, but fired him because he called the vote on Series D stock, which they felt undermined them. He was to then seek their approval on the plan, and they had already deferred prior dividends in the past. The 2.2 million share dilution was healthy for Forterus, because it generated expansion, was minimal, and the additional facilities had cost control measures(occupancy rate leases), and generates immediate revenues and profits. What is unhealthy, and the UNKNOWN factor here is the dividend debt to the preferred holders. They can choose to recapitalize the company and go for a faster, stronger expansion, while taking their dividends by increasing the sharecount (which could be heavy)..which could support the dilution ( Paul told me just a few days ago that if the cash is available, this company could expand rapidly and strongly). I agree that this is a whole new ballgame, and that the degree of uncertainty is high.
