Cat House

[Stockfire409]

Well see there is how Dean screwed the creditors. Under the agreement one the debt wrap was made (Joes for instance) they were to be satisfied with shares not cash from what I understand. It's another form of getting shares at a discount rate. It's a gamble for these kinds of fianciers to do this. However, the payoff can be far greater then simple interest on a loan. This is how you see trading activity that looks like dilution yet the AS is maxed. Creditors selling shares. However, Dean failed to deliver the proper paperwork or something to that effect IMO and also then maxed the AS...therefore now we have a situation where instead of shares (unless we increase the AS) it has to be cash. So now we also know why they wanted to increase it to at least 3 billion which means we kind of have an idea how many shares Joes note would convert to. OUCH!