If Bailey can sell many more shares in exchange for funding, a R/Split is not in the immediate deck of cards to be played?
Selling more shares may be only way Bailey can 'break' the freeze?
ATIG does not have very many options are now.
If he sells shares, its likely he will have to do a R/S to enable loanee to get 'paid'.
Bailey should have went for the NV gambling legal paper, as an exclusive online 'free site' and invited players across a number of states to join and use (which they could legally do for bonus points, prizes and discount coupons from various site sponsor/sellers). He has not shown anything special (at least to us retail investors, that he had a plan and could get an online site active and used. Never gave us any numbers (example of users). He dropped the ball early on, and just took a salary and goodies . . . he is rather like ZAAP . . . as it repeatedly missed using its first in EV electric car market position status. Little companies have usually only one chance to make it happen. USA .pk solar energy companies also 'muffed it'. USA will just keep failing as innovative ideas and technology is noted and under-sold by foreign competitors. They could not have a nicer enemy than USA greed and criminally stupid and lazy.
I expect Chinese gaming and software communications companies to soon establish themselves in USA market. 'Have a Nice Day!' Free Trade is wonderful, when your opponents are focused on personal profit, not national ascendant goals. Chinese send their best students to USA to take up our university student seats. Then they buy into our USA companies, partner and hire the best unemployed SW designers we have so easily provided to them. It would be hard not to succeed in such a 'provided' USA business environment. Maybe Bailey needs to establish an ATIG anchor baby in Asia? Beginning to look like ATIG is his swan song.
Another Option: just sell ATIG to whoever.
All we have left as retail investors is sitting and waiting for Bailey to figure something (anything) out. I suspect he is really sweating and looking over his shoulder. Wonder whatever he could be worried about.
Time will tell
The way I see it now . . . Bailey would never have done the Shareholder Meeting, unless he was going for new funding and a R/S. Time for Action Jackson 'Bud'. Its worth our wait to just see what Mr. Bailey develops.
