and onerous also means having legal obligations that outweigh the advantages . This is also an egregious mistake and a misstep on the part of all officers and directors of the Company. I asked Bill Short, COO, to step in and talk to Sam Talari about this.
This conversion will be presented as a way of cleaning up the balance sheet to make $FWDG almost debt free, but this is not the only way to accomplish that. We are well aware that $FWDG's balance sheet is flipped upside down and the factor that is troubling it is debt. They need to come off the books in order to obtain financing. We get it, seen it thousands of times over the years. BUT, the fact of the matter here is, the majority of the company's debt is for past due salaries to the CEO and to see him contemplate taking 400 million shares is really disheartening. It is disgusting. It is plain dumb.
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