I'll disagree with you on continuing the CD selling and paying the bills. It's near impossible to keep selling shares to CD holders. It makes much more sense if he is in essence selling a portion of the company to a strategic partner which can provide better financing and assist in growth.
If he sells these additional 6B shares at a 50% discount as he has while this is trading at 0001 it results in $300,000 which will get them through roughly 6 weeks of "keeping the lights on". If you think he doubled the AS for 6 weeks of operating $ then you should start using all CAPS in bold red while using words like "scam" and "fraud" ;)
Guys that go on Fox Business as recently as last week, have written articles in Forbes, taught classes at Columbia, and get deals with Sony don't go around diluting themselves and their company into the ground for 6 more weeks of operating $.
This is simple math.
Again, either this is all an elaborate scam for relatively little money, or its a mechanism through which to take this company to the next level. So while people on this board can melt down about their % of AS being cut in half with the new 12B AS, I'll ask a simple question: Would you rather have your current stake in AXCG today or half your current stake while a strategic partner like Sony owns the other half?
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