In all honesty Sleek, Doc is correct as he was with the lawsuit. This selling has been going on for some time per my DD and sources. The only way ever to reduce shares is by management buying them back which would have to be announced or warrants expiring worthless. Remember they got the money for these notes you can't just eliminate them. AS far as the S1A's reduced shares, this happened from warrant being exersized per Doc and sold. All of these notes entitle note holders x-amount of shares period. Never less as the notes are very clear however, usually if price drops below a certain agreed upon price they can get more shares based on the PPS. Sorry but anyone who took the time to read these as Doc did knew very well...IQ 133...just saying.
In all honesty the fact that they have already sold lot of shares and the licenses are still not finalized the risk/reward is very favorable. Smart money(shorts) have known this for months. Also the O/S is 325Mil per obligations from notes and convertibles. Unlike the daytraders(some longs)I am very confident of my DD and the license approvals coming I am buying all I can when I can. GLTA and please learn how to read and comprehend SEC filings. IMO, we will double in PPS by year-end to a PPS of 65-75.
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