Insiders sell shares all the time in the pinkies. More probable that this will run more south before the toxic convertible becomes due. The debt will pick up more shares for low, then maybe a quick Pump and Dump to get rid of them. There might be a little day or two pop before that and people better trade quick. The upside down holders that were gullible enough to buy and keep at the top of the last run might want to think about taking advantage if it happens and cut losses. Combine that with all the people that don't want to be snookered and dragged along from the extended financing and sell on any news or just get rid of their position and go elsewhere. Might go a bit flat, but overall the indications are not positive for the pps.
NOTE 7 - NOTES PAYABLE
At fiscal year ended September 30, 2011, the Company had notes payable in the amount of $239,512, compared to $260,695, in the prior fiscal year. The notes included a note payable to an unaffiliated party in the amount of $165,790, which,is not secured by collateral of the company, carries accrued interest of 6%and is due on demand by the holder. The second note payable is to an affiliated company of our President in the amount of $23,338, is not secured by collateral of the company, carries no interest, and is due on demand by the holder. The third note payable is to an unaffiliated party in the amount of $50,333, is not secured by collateral of the company, carries interest of 8%, is due May 3, 2012, and is convertible into common stock at a 45% discount to market.
Of course if BA wants to and has the ability to suddenly get rid of some, they won't care about anyone or anything, and just dump.
17 instances of issuing shares for debt occurred in just 9 months of last year, and AQLV is talking about getting a whole lot more debt. We also don't know when the other debt they have now is going to change to paying off in shares and could be any time "on demand".
