LGL, got the info thanks. I've heard bits and pieces about this LLC Bill Gray is putting together, and parts of it does make sense. Based on the stock price, it appears they are having trouble raising funds / assets. Why anyone would put cash into this thing in exchange for warrants is beyond me. Plus, this whole thing has to be done very quickly, because the warrants are exercisable in 6 months, so if it drags on, people will exercise the warrants, sell the stock (at what ever price), and further kill the price per share.
And maybe someone can explain to me how this is going to reduce the number of outstanding shares, which they are touting big-time. The shares to cover the warrants have to come from somewhere, probably the same magic printing press Jerry used.....