Boomer, how can you say "we all know the terms of the note", when you recently stated that the company would be getting money if/when Chutjian converts. In fact, the company won't get any money. You did not understand the terms of the note. Yet you don't acknowledge that. You said this type of financing is common place, yet you or flsunchaser can not come up with even one example of such a deal with any other company. You both choose not to reply to that either.
Instead you defend the actions of the chairman, I guess because you believe that as long as you say positive things everything will be alright. But by doing this you are sending him a message that what he has done and may do in the future with the convertible note is OK with you. What you fail to acknowledge is that Chutjian is responsible for the share price being where it is today, and pretending that's not the case hasn't increased the value of anyone's investment. Fortunately many other shareholders are sending him a different message.
If you want to see something have a positive effect on the stock, let Chutjian come forward and state that he will not convert to shares at half price. He already has at least 11 million shares. Let him get down to the business of growing the company and increasing shareholder value for everyone, not just himself. Get the stock back to 78 cents or even a dollar and he'll make all the money he needs.
News 
Market Data 
Discover 
