“Where did this info come from- I heard the opposite.”
SEC filings, patterns and common sense. The original agreement outlined that the $6.5 million would be paid cash and he’d also receive warrants for his “charity”. Per SEC filings, the original agreement hasn’t changed in regards to the cash, only the date it’s due and additionally warrants given.
The stock price continues to decrease and will continue to do so, especially with $15 million in new dilution looming (150 million shares?). Welch is smart and will absolutely not accept shares in lieu of cash, especially because of the latter. What does he have now, 45 million shares and warrants (many are upside down)?
News 
Market Data 
Discover 
