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imshredin2

05/05/08 10:04 AM

#28656 RE: wtctexas #28655

The Sequoia issue was quite mysterious. Never made business sense to give up that much stock for debts that should have been settled at a discount or for much less stock. The price really took a beating after that. If the company could have closed the deals, the dilution would have been less of a factor and the creditors may not have dumped what they got so fast. Zero execution and bad decisions are the problem here at the very lease. Or it you can go so far as to call it a scam. What ever a person's opinion of how or why, so far we've been screwed.