Have you been following this dilution beat down at all since it went public? Ray will give YOU a billion shares if you come up with a couple million bucks. You do understand the hundreds of millions of conversions and billions more waiting in 4 classes of preferred shares, yes?
You're OK that some consultant got 28m shares for mere fractions of a penny? Trillium got 108m for fractions of a penny? 3a Capital got 63m shares for fractions of a penny? Ray got 322m shares for...well...I guess for being a good guy. He paid no money.
You have some stack that you paid some amount of pennies for each. Yet, you seem to be ok the the discounts given to those four?
Just wait until Great Eagle, Lee, Briones, Front Four, Lucosky, and Southridge start converting to lay claim to their cheapies. You do understand they actually own those preferred shares, yes?
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