Pointing out ta the money owed to the Leons increases every quarter means what to you? Don't get the context issue. The Leons are owed more that $2.5 million, The series "N" note holders are owed $4million in defaulted notes. Leonite is easily over $3million in senior secured debt ahead of every single holder of GRST debt. That is just the largest holders. This is all noise of course because the issue at hand is how to convert equity for debt and it isn't going to happen until they split this.
The only difference between the offering and simply selling registered shares is time. They must split either way. No certification means that they split and sell registered shares for near nothing relative to post split valuation. Then the 6 month ticker starts before they are vested. The problem is that they likely will not announce that they didn't get the certification for the offering. They will either get it soon from what I have seen with others, or not at all in my opinion.
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