I hear ya. Thought the same thing but after reading a little more I'm just not so sure. There is an armlength statement and I just don't know if they could justify categorizing Boden the way it is written. You can look at the way Boden handled conversions in the past. He converted when eligible and sold all of the shares into the float. He did not hold any shares. These shares are fire at will yet when they updated Friday, none were sold and volume says if they are being sold, which I don't believe they are right now, the volume does not support it. Looks like a different investor to me. There have been several other investors who have taken promissory notes. Actually what they paid off was NOT an executive of the company, as stated in the filing.
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