02 Secure Wireless, Inc. (OTOW)

[Sccrbrg]

Val didn't get handed 50 million dollars. As far as I can tell, he may have worked out a conditional equity financing deal - which is nowhere near money in the bank. Its not a loan, its a transfer of company ownership.

And seeing as the details were not disclosed, it seems that no one knows what form of equity will be used or how much will be traded. It could be restricted (hopefully) but it could just as easily be unrestricted common stock and turn into one big dump fest.

Shorting didnt get us down here, the atrociously large O/S increases that Val has made have done that without much help from anyone else.

As always, just my opinion.