They knew about the debt but thought they could pay it off. They found out they could not! The papers were non negotiable so he could not renegotiate the terms. That is when Tom reduced the shares issued cause he knew then what it would mean to the issued. Along with some Cornell debt the share issued would of been over 1.5 billion right now! The situation was simple. Conversion at .001 for a debt of alittle over $400,000.00! Both Dr. Graham and I did comprehensive analysis of this months ago. We both posted our findings. If you look back far enough you will find them. Mine was a reply to lowtrade!
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