Big problem is they will need - no matter what - some way of clearing out the notes. The easiest thing for the company was the increase in A/S. Having shares available to cover notes is something they can't get around...unless they come up with a loan. One would be hard pressed to find a company to lend GDSI money when they have no revenues and this deal fell through. If GDSI and Rontan jointly announced the deal was a go then you'd have something to work with. I'm guessing it's why we haven't seen news of the removal of the A/S increase - CEO knows he needs it. IMO.
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