Thursday, July 28, 2011 7:36:49 PM
At best the quote above is irrelevent..
FACT: JD went to the well and found money on several occasions in 2008. 4/15/2008- $60K
5/12/2008- $20K
5/12/2008- $25K
5/21/2008- $25K
6/13/2008- $100K
yep....$230K...and JD didn't have to sign as gaurantor....all courtesy of his ATM/ Form D filings.
And while he was issuing discounted blocks of shares....he and Glenn owed the company nearly $400K?? Wouldn't this have been the ideal time for JD and Glenn to have repaid the shareholders of the company what was owed to them? they choose not to repay the shareholders...why? Is this.. in your opinion.. OK? Was this done in the best interest of shareholders ?
oh...almost forgot....JD and Glenn did not check the 10% beneficial owner box in any of these Form D filings..how will JD explain this to the SEC? Not checking the 10% owner box condradicts the "never sold a share" mantra.
Pink Sheets...where failing private companies come to die.
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