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Re: None

Wednesday, 11/14/2012 12:53:51 AM

Wednesday, November 14, 2012 12:53:51 AM

Post# of 232684
$12 million in cash from dilution will keep them solvent through 2013 according to the CC. IMO it is highly unlikely they would dilute again before then.

I agree with the sentiment that they refused Visser's $2mil because of his growing control. According to Etrade: Barney Visser personally owns 37.9 million shares, which is 53.8% of outstanding shares. He already has majority control. Also Norden, LLC, one of his companies, owns 10.39% of outstanding shares.

Visser runs sh*t.
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