Reading the 8-K exhibit 10.1 right now, a blow-by-blow account by WSGI/Weisberg and Miller, of the last 15 months. Here's a little snippet:
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La Jolla repeatedly breached the EIA by selecting times favorable to it to fund and to convert under the Debenture, and not on the 30-day schedule required under the EIA. On information and belief, this was done with purposeful bad faith by La Jolla in order to manipulate the True-Up balance to be in its favor causing a negative cash position for WSGI and thus benefitting La Jolla by allowing them to gain the most stock and/or debt they could. This would then allow La Jolla to underfund its commitment to WSGI despite demanding shares, warrants and brokers fees as if La Jolla’s commitments had been fully met. La Jolla would often incorrectly “fund” on multiple dates each month—not on the 30-day schedule required under the EIA. On information and belief, these non-scheduled dates picked by La Jolla were dates that were going to be the most lucrative for La Jolla.
