well if that's what happened then I doubt we'll ever see another rally.
Taylor issues himself or his cronies a massive ole block of prefereds, seemingly for free (remember he also said they were unrelated to the "$20 million financing"). Those shares will convert back to, most likely, a massive number of common shares at some point.
He sets up IPxes with the "springing option" and makes sure to mention it publicly.
He sets up the website, cut a pastes some technology together for IPXes, pumps the hell out of the stock with multi-million dollar contracts with coffee makers and Cuba. all IPxes.
His financial buddies sell millions and millions of shares to the public on the revenue hype.
He cuts off the PR, fails to deliver on every public promise.
Springs IPxes, clearly states that "the majority of all revenues" have been take away.
Dumps the company on some Costa Rican gambling pals. And washes his hands.
Then the prefered bloc converts back to commmon shares at .0001 or the like, and its enough to cover the millions of shares sold at prices %3000 higher.
Maybe not these exact details, as I'm not well versed in how these things work, but something of the sort.
Occam's razor keeps whispering in my ear...
"Taylor....Taylor....Taylor"
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