I agree 100%. This, if in other hands years ago, would have had a fighting chance at success and IMO most likely serious success of sales and for the stockholders. But with this share structure they have created (25 billion now) and what is on the horizon with more coming (substantially more), this family management has dug a hole so deep with debt with these notes that it will seem like climbing out of quicksand. They can make progress (sales) and advance a little, but those note liabilities are overwhelming and MUST be dealt with and are real and coming due eventually. Although not addressed by the CEO, there were millions ($) worth of notes that had maturity dates in 2022. What happened to them and how were they handled? Extended? And at what rate? There surely was not enough cash for payback, or stock for conversion. They again, will have to be dealt with eventually. IMO progress will be like climbing up a greased pole. They have tried to gift themselves with this 50% discount priced shares to the point of it actually hampering any advancement of stock price for THEM or other stockholders to benefit from. This deal is an extreme weight IMO on the opportunity for all stockholders to seriously benefit on their investments. Again all IMO.
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