I would assume the worst case since he hasn't said anything recently. If those weren't converting yet then kevin or someone should say so to appease us.
You are correct we don’t know for sure if this is the remaining two notes or residual dilution from previous notes. I know that as of the shareholders meeting a couple weeks ago the two notes hadn’t been paid and had not converted. The trading action the last week sure appears like something is converting though and I’m assuming it’s one or both of the notes. I had asked Kevin if he could tell me the terms of the final two notes because I could find them in the filings and hereis his response to me this morning.
Thank you for your inquiry. Your request is reasonable and certainly will be included in the quarterly filing this month. Chesapeake is attempting to get the company to disclose not only the terms, but the remaining balance on each of the notes so that investors can make an informed decision. Until the company does this we cannot disclose this information.
Kevin Holmes Chesapeake Group
I sure hope they are successful in convincing Bob to make the balance and terms public so we can get a better picture of what is happening with the remaining notes and share structure.
I bought in believing in this management team and goals, am holding on to what little confidence I possess for their ability to actually follow through with shareholder value...
Bob commented and stressed the importance of transparency after the last go around but hasn’t shown much in executing this action.
Believe the time has come for Bob to actually step up to the plate and get out of the batters circle...