Not at all. Initially I used the 55 cent issuance as an argument against Mark that the company is not a fraud. He has some explaining to do if the company can sell stock way higher than market price if the company is a fraud. That's how it started.
We also said it's a contractual obligation. Which means, it could have been worse if they had to issue them for 20 cents. Somehow they pinned it down at 55 cents a long time ago. April/May.
I'm not justifying anything. Solomon may, because it is unbearable for him to think that has been destroying shareholder value throughout 2018. Not for me, because I'm at the other end.
I was the one who said in 2013 that they shouldn't pay these professionals in stock AT ALL. Pay them in cash. Nobody else mentioned it. But this is something that Solomon has been doing since the beginning. Because it gives him a little more cash to grow the company.
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