Thought you as his likely biggest investor would have taken the opportunity to ask him personally ... at all surprised why you obviously don't have regular contact to get informed about essential things. I know there're animosities but also a big stake ... one would think seriosity and pragmatism needed.
Can't we make some pretty solid educational guesses for these?
The 36M shares were converted/exchanged for $185,000 of debt plus expenses involved with the transaction. Those numbers get you to about $0.005 to $0.007. He admitted that this was toxic and that he doesn't want to repeat that. The better news is that he does not believe this investor is planning to dump these shares into the open market in mass. Sounds like this is a partnership that wants to maintain share price. They may have sold some of that 10M but no one can blame them for that since they are investors just like us.
As far as PP. I believe we should assume that no money has come in yet. No investor would close this offer over night. A lot of DD would need to be done. He wanted this out there while he continues to follow through on his promises. The market will eventually catch up to the value here and by that time the bigger investors will jump in and we will be firing on all cylinders at that point.
Keep digging for the bones in the closet. I appreciate the other perspective.
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