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Re: doughboy2 post# 278238

Thursday, 03/06/2014 4:11:08 PM

Thursday, March 06, 2014 4:11:08 PM

Post# of 375420
Well stated. There's one other thing that buyers should be aware of here:

Joe most likely holds convertible debt, and he most likely also has structured the terms such that he can go straight to the TA for shares, which means that even Donnell may not know that new shares are being issued until after the fact. There's a 2.5 billion AS waiting to be tapped.

I wouldn't consider putting a dime in here as an investment without first knowing the details of the debt, as Joe has always made a living off of pinky debt, so he's pretty good at it.

Donnell probably has her hands tied wrt what she can do here. The debt holder most likely has more control of the company than she does...


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