if dilution is off the table, how's the debt load getting paid?
you know, corporate insurances, patent fee's, licensing fee's, on going accounting & legal fee's
Magna has been under investigation for years - it just didn't start with Yippie's suit against Magna
regarding Gerald's relationship with Magna, Delafield, Hanover Holdings - he was in bed with them years ago...this is not a new development or relationship
and Gerald knowingly signed the toxic loans to save his own ass - not ours
if anything, he threw us under the bus - all the while knowing he would be eviscerating his shareholders and raping their hard earned money right out from underneath them and their families
Gerald is not innocent at all or by any means here - this Magna enterprise is an old boy network that worked with Bobby Farrell, CFO to usurp control of AMBS right out from underneath Gerald's control
why do you think Bobby Farrell had to claim over $800k of ill gotten gins in his last year filings, which were above his 250k annual salary?
Gerald was played like a cheap out-of-tune & out-of-touch novice "fiddle" by the Astoria Queens financial mafia, helped by none other than Jeff Fessler of SRFF, who had direct ties with Magna and Aegis Capital
their diluting - trust me - there's no other way to fund AMBS on-going debt load, no matter how scaled back that may be...