I know there is no possible way the debt could have been paid off at this PPS Level, and the A/S Limit at 1 Billion Shares. They Owed Cornell Capital over $300K and NIR $1.2 Mil, now go figure just how many shares it would take in the Micro-Sub share price, (Lets use .0005 as an average for example), To pay off a debt of that size, Total over $1.5 MILLION DOLLARS??? When Cornell got their Court Ordered Judgement, the oustanding was already at 4-500 Mil of which I believe 180Mil or 280Mil was Restricted. Elementary School Math tells you that 1 Bil A/S is no way going to pay off this debt at the Micro-Sub PPS. They can only get 4.9% of the O/S at one time, sell that off, and then come back to the T/A for another 4.9%, thats been going on for Months and Months now. Many of us Longs knew this little run was coming when Cornell Ran out of Authorized Shares, it's obvious they have reached the 1 Bil A/S and can't get anymore shares right now. So what happens now? My best guess is that Cornell will be seeking a Court Ordered increase of the A/S, if they can do such a thing? Opinions anyone?
