1) Company appointed David Haines President and CEO - He is an expert in corporate restructuring
2) Company changed independent registered public accounting firms
3) Company appointed Jeff Coe COO - very impressive list of accomplishments
4) 8 SEC filings in last 2 months to get current
5) LOI with Kool executed
6) Not a single PR about anything
7) Increased authorized shares from 300M to 5B
8) Used stock sales proceeds to pay down debt
9) Divested subsidiary and reduced debt over 4M
People here are focusing only on #7 and writing this off as a bunch of criminals diluting this into no bid. It just doesnt add up. They would have to con a lot of people including Kool in order to pull this off and it just doesn't make sense.
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