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stockseekerok

05/11/16 11:21 AM

#34069 RE: PJC1 #34068

No you dont have to wonder , he stated in the Pre 14a why he needed the shares it was all about paying past debt,funding for future operating capital and funding for a lawsuit against Rontan

All stated in the Pre 14a

3Angels120702

05/11/16 12:02 PM

#34078 RE: PJC1 #34068

He's legally required to or file BK. Those notes have binding clauses that the company must maintain sufficient shares for conversions.