This same business plan has been done in the past by NIR to pump the stock for conversions and immediate selling in the dump stage. The only differences are that 1) this is PWC following NIR's method of operation, and 2) they asked shareholders to agree to the R/S so they could have room under the A/S to do their conversions (remember, 100% debt into equity) so that they can dump the stock. Live and learn.