The big news will be a major reduction in debt. So much so that convertible debt should be a thing of the past (I saw how the elimination of debt affected the stock price positively and reported it the second week of August - about 2 weeks before the stock price started to jump - and yes, go back and look at my posts... I bought at .0007 and posted that it would hit .003. It did.). Everyone here said I was crazy, but I knew what I saw.
Yes Olives, still some dilution to go, but besides a max of about 20 mil shares a month potential from Preferred Bs and employee stock options, it should be nothing to worry about. Next year Pacific Lion will convert their debt. Not a ton - especially if the stock price rises precipitously.
How much debt reduction would be needed to change the stock price???? We had $50 mil in debt in January. It will likely be below $10 mil with $7 mil of that from related parties and not convertible. Debt reduction isn't sexy, but watch how it moves the stock price up. Someone posted yesterday about the stock hitting .08 soon. As if that could happen... actually, it can.
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