It is another equity purchase agreement like the others. They get highly discounted shares and immediately dump them back into the market for a profit. The selling pressure will have this below a penny again soon and they will have to do another reverse split.
More of the fraud as they lied to the SEC and said they plan on holding the shares for investment. It is a backdoor way to get around the rules and it amounts to immediate sales of new stock to fools that don't know it is worthless. All of their EPA deals have told the SEC they are qualified investors planning on holding the stock for investment yet every one has dumped immediately. This loophole should be closed. If they state they are holding for investment purposes, they should be required to hold for at least 6 months any newly-issued shares. Many times they short as soon as the draw is requested and cover it in a couple days when the shares are issued.
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