NEW CEO has perfect timing! He comes in and the nosedive begins- I am sure he wishes he did better due diligence. Bad stain for him . Once the 138 mill shares are issued we should be north of 1.5 billions shares unless the CFO illegally goes back to preferred shared to improve his position and cause the company to continue to pay him interest. It would be a highly unethical move- let's hope he knows he is being watched. I am sure Investors who bought their stock knowing the debt was reduced will not sit by to be duped by false press releases- let's hope he knows better and the BOD should be watching- Don't want them exposed as well.
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