Here's a shorter version for you:
All convertible note financing / dilution schemes are frauds.
All those who operate them, participate in them, or otherwise enable them, including by knowingly "looking the other way" while facilitating them... or by advocating to facilitate the operation of component elements in operation of them... should be in jail.
I think that result or something like it is inevitable... even if the system of justice is corrupt enough that it cannot function...
If the system of justice IS that corrupt... I expect the market will fail... and comparable results will be had by other means... as is the normal process in a "market correction" of excess.
Where obstacles are erected to "corrections" of errors based on proper free market functions... history shows the inevitable result of sustaining those sorts of corruptions... tends to be the destruction of the source of the obstacles, with market functions that tend to be discussed in terms of "blood in the streets"... with both figurative and literal meaning.
I predicted, in February of 2009, that we'd see that happening in Europe sooner rather than later. Checked the news, lately ?
Change is coming here, too, with some meaningful variation in the case re Europe... but, the banks purposeful imposition of error and corruption will be corrected... one way or another.
I'd prefer the courts get it right... and that the market utility of compliance with law be recognized, again, as "the right rules, properly enforced" are again accepted as the only proper basis of free market function... but, if they get it wrong... you'll still have a need to keep a sharp lookout for crowds with pitchforks and torches...
JMHO
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