Thanks everybody. I appreciate your feedback.
BTW, you may also noticed that press releases were delivered the day of or a few days prior to them giving out their tranches of shares. I'm not sure if this was intentional, but it would set the price per share higher, thereby reducing the amount if shares they would have to deliver,effectivly trying to make it less dilutive.
This I believe makes this convertable loan, less toxic than others I've seen as they are given out only once every two or three weeks, only about 5 mil each time. Unlike other toxic loans that just dilute at any given price and on a consistent basis. So although dilutive, I don't think they are as toxic.
Also, another point to consider is the shorting that often comes together with the diluting. I'm not sure this has been the case here as the volume hasn't supported that theory. So that makes our scenario far better than other toxic loans I've seen. I wonder if there was a provision in the contract with Tarpon against shorting the stock. Is anyone aware of this who would know?
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