RM? Who would actually be dumb enough to reverse into a shell with over 4 million dollars of convertible debt. Debt that converts at some 70% discount. Funny part is that the note holder isn't even convertin. Call the TA yourself and ask.
The math doesn't lie. It would take over 40 billion shares to pay that debt. The company has a 3 billion AS. Does this give ya new insight on this dudes RM claim? Even better yet is this. The note holder won't ever hold 5% of the shares and become an insider. Those notes are at a 8 - 10% int. rate. There was a chart done on this in the NIR case. I believe it had ECMH payin debt for some 60 years. And it's growin everyday.
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