Pretty much what most of been saying all along. however as you saw in his email about the debt paid out in shares, not only can they convert the shares at their discretion, there is also a conversion ratio to it as well.
Pennies on the dollar so to speak. I have printed out the report. haven't had time to go through it. (doing that later today) but keep in mind those ratios, they will hit hard and make it look like dilution but it will not be dilution. Just that damn conversion ratio.. Being in Manufacturing myself, I do understand all the obstacles that need to be overcome when starting a new product. So many vendors have their hand in it. Even something a simple as a plastic bag with your name on it, has a R and D charge associated with it. But at least he took a moment to address your concerns. He is very well educated and as I would like to say," uses big words" but he is forthcoming.
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