Michael Murphy has placed the stock on hold - seems that he doesn't like the new arrangement with Cornell. If MOBL can't find refinincing or if they can't pay in cash, then payments will have to be made in stock valued at 27.5 cents a share or the average of the two lowest volume-weighted average daily prices during the five days before the payment, whichever is less. He says that gives Cornell the incentive to short the stock. This will drive the price lower and thus they get more shares. However Cornell and other hedge funds are under investigation by the SEC and this may make them behave. Let's hope that our faith in Jay proves correct.
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