Finjan Holdings Inc (FNJN)

[Ecomike]

They had a great business plan, or so it seemed, had great financing 4-5 years ago including a huge NJ industrial bond that financed building their first plant (now defunct, abandoned, and it nearly BK them last year). But the original IP license deal they had was too expensive and sales volume in fertilizer stalled and dropped for them. If not for the last minute Terra acquisition, and hopes for a save by Terra sales (which have been zero for a year now), they would have gone under 12 months ago. But after the Terra deal, mixed in with an out of court BK/debtor deal swapping debt for yet more shares they would have gone BK by Nov last year. But then they (Ed) raised cash (again) with a super toxic convertible debt deal, and the banksters drove the share price down from $1 to .10, so they could convert the debt at .10 instead of $1 (so they could steal 10 times as many shares), and then dumped all the shares. As long as Ed is still running the show there, no one will ever trust them again (not even the crooked banksters IMHO). Oh, and they have one more round of toxic debt waiting to convert to shares, and one last round of prior Terra shareholders, now COIND shareholders whose shares are now coming out of restriction who will want to dump their shares now.