Good point, I read that also while I was going through the 10-Q's and the 10-K again this morning.
The only point is that since we don't know the terms of the contract with them, many funding companies place some 'escape clauses' when dealing with start-ups, R&D or companies like these in their development-stage so they can bail anytime they see fit.
Depending on what actually transpired, what the company itself is liable for, what the terms of the note is...I think it still may be difficult.
For the record, I still have all my shares...I just am unsure right now how long I may keep them. I try to react to DD & verifiable research - not emotions, as much as I can.
I'm hoping for a good statement from the company very soon - that will be an indicator for me to guage their level of responsibility to their shareholders. If they don't give me consideration - they can have their shares back.
Just think the other officers and the company itself deserves a chance to distance themselves from these allegations - it is possible that they didn't know anything about it. However, silence can often mean that lawyers are telling them not to make statements in order to cover for themselves. So, "the jury is still out" in my mind on this one.
All The Best
