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Re: jimmowrey post# 16568

Wednesday, 07/20/2011 11:35:49 AM

Wednesday, July 20, 2011 11:35:49 AM

Post# of 52928
One possibility is they needed cash immediately to fill up their retainer. Their intellectual property law firm is good, but they are sharks -- well known in the profession not to pick up a pencil if the retainer is drawn down. Since they could be in the middle of hearings right now, what would you do if your counsel said we are out of here unless we have another $100,000 cash today? You would be upset; you would determine that diluting is better than increasing your debt to YAGI and you would dilute your own mother's bank account if it was the only recourse. I am not saying that this happened I am providing a model to answer your question. If this is what occurred, then the common stock holders bailed out KK again and we better see some of the fruit of this endeavor and not have the fruit taken out of our reach as they have with previous maneuvers.
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