None of the 10Q is a surprise, except, once again they've failed to disclose the financials of the dam acquisition!
I'm beginning to wonder if deadline to disclose has past?
Why in the F!! are they withholding the dam financial statements of the acquisition!!
Deadline for reverse split is December 17 2015 so, expect the split to occur directly after the stock holder meeting and proxy vote. .
The current short is the dilution, continuous dilution on what appears to be a balloon note for the may 15 loan.. 15% discount is not so bad, but due to the short term duration involved with this multi-million dollar note, monthly payments and interest converted into stock is diluting it rapidly, 'the short' (lender) needs to dump em ASAP for the declining market price.
That is a favorable element as incentive for a put option.
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