Bottom line... GS's tweet is vague. You can view it as his need to raise a remaining $6m or $15m. If $6m, which is how I read it, then GS was looking to sell 250m shares of GVSI (300,000 preferred shares converted at a 1:1000 common rate) and keep 50m for himself. If he sold them at $0.024, which was the price on the afternoon before the crash, he would have achieved his goal. 250m*$0.024 = $6m. His intentions of 'parking' 300m shares until 2025 were in line with his imperative need to reduce the effective OS of 2.2 billion shares. This move would have reduced the effective float by 300m or 1/7th. ...a good start in the right direction assuming he still believed in preventing an RS.
If what you say is true, "he had to raise $15m", then he would have had to sell his shares at nearly three times higher, which is unrealistic on all counts.
Based on my more realistic assessment, I interpreted GS's tweet to mean that he had to raise $6m to get this deal off the ground. Due to the 'coordinated attack' the pps has dropped well out of range to raise the $6m.
Barring some ace up his sleeve that he has yet to share, I firmly believe GS has no other choice but to issue an extension tomorrow.
JMHO
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