If that's the case, then this was a scam from the very beginning. The BOD couldn't have been so naive as to not have known this. They had to have been in on it also. We may lose most or all of our monies.
It's only about $5m of the compounded debt that is 8c convertible, about 60m shares. The rest is mainly straight credit with a few million convertible over a dollar.
It would them 20 years to convert at volume of 20,000. Add retail bailing out in that scenario they have 65M retail shares in competition for sales with zero buyers, ok maybe two buyers. E, P
News 
Market Data 
Discover 
