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Re: qtipjoe post# 8697

Thursday, 09/13/2012 4:38:29 PM

Thursday, September 13, 2012 4:38:29 PM

Post# of 20680
Again the words are untrue, there is a difference between insider trading and insider selling. One illegal and one is not. No I do not believe he will sell a share per se, instead he will sell the entire company. To think he will continue to finance this company is incorrect based on the last year. He did not extend the financing agreement on the loans, management felt the company did not have the funds to pay the interest much less the principal, thus the conversion to shares and massive dilution. Now it still owes interest on the 5 million which continues to accumulate, look at last 10Q and you see how much more they owe. And remember he is not tied into the company like you would make people think, remember he built a company and sold it for billions. Now he tried it again but this time will sell for a loss. He's a buyer and seller. Period. And the argument will remain the same as long as the financials do. now add a new CFO with a pay of 156,000 dollars, more overhead they can't afford. Running out of cash is not good and will be acted upon by management very soon.
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