He could do any number of things, but we all know his financing of this company has ended, so within the next 6 months they have to either do another stock sale, or a third party financing. The other item they can do as is listed in the proxy statement that they may use shares instead of cash. Oh the "D" word comes into play in every one of these, thus the investors value goes down. So you'd be smart to wait. What's most telling is the fact that no insider buys, not one. Even the CEO is not buying at a presplit price of just over 2 cents a share. There is no confidence and if the executives are not buying shares why would the general public buy any. A key factor should be when you see the insider buys become a reality, then you'll know if this company is close to reporting even one cent of profitability.
