TMPS investor relations referred to Johan Eliasch as their chairman when I called. If you can't see that Johan Eliasch isn't out to wreck the company by now, you're living in another world, which you are.
It's not a traditional revolving line of credit, but in essence they use equity to "draw on" a predetermined amount that's been made available to them. I feel comfortable calling it an EQUITY line of credit, so calm down.
Of course Johan is looking to make money, but he's not going to dilute the company so he can take control of a stock that will be worth less than the original convertible note, nor is he going to let any asset of his get tied up in bankruptcy court, let alone get a judge involved in deciding what the asset is worth. Get real.
I'm only feeding the flame of stupidity by responding to you, so have fun with your daily one dimensional barrage of the board. I hope you make a hundred dollars.
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