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BobSinCA

12/11/15 1:05 AM

#37231 RE: slayer1 #37201

Insider ownership and O/S needs footnoting.

Both top guys signed multiple year employment contracts in March which will give them many more shares in time (and of course, increase total shares O/S).

Also, the last 10-Q said that the company expected to finance operations through 'equity financing,' which at current pps will also create significant dilution.

And of course, the convertible preferred shares (also mostly held by the two top guys at this point) are not shown in the common O/S.