Okay. I can't do it. First you call the aircraft "lease" a loan. It is not a loan. The company had an option that allowed them to require purchase of the aircraft, but they did not obtain the funding to do so. Therefore, default of the agreement resulted in an unfulfilled purchase agreement, not a default of an existing loan. Secondly, you state that Cowan converted and sold which is a flat lie. That is a conversion of warrants filed with a form 4, but it is not a form 4 indicating disposition of currently owned shares. Until one is filed, no selling has taken place. Also, they must file this within 48 hours of selling. Now... Johan is a billionaire... with many connections. Ask yourself this question... if you had the ability to increase company value for a buyout by running the company well for a few short years increasing stock value along the way and honoring customer agreements, wouldn't you do so? Why convert and make worthless 79 million shares... do you realize if he tried to dump those shares how much money he would actually get? It would almost amount to nothing. He will not do it... it's actually very stupid to suggest he would. He would much rather position for a buyout that could net him way way more cash vs simply diluting and selling off that many shares. This stock would move to under .02 within the first short while of him attempting to do so therefore making any shares sold after that point even more worthless. Instead, he will cut costs, make the company profitable, increase company value, and sell for 5x plus what he is owed. Your logic is terrible. He is not in a squeeze to recoup a small billfold full of cash when he can return himself a goodly sized chest of gold. Doesn't make sense man. No business minded logic involved whatsoever. That type of thinking is what con artists do to make a temporary living on others funds before they are found out and have to run to the next shady gig. A billionaire would not want his image tarnished in that way, and frankly he wants a bigger payout anyway. Just my 2 cents....take it for what it's worth.
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