Yes, you're right, but wouldn't it be interesting to see how things would have played out if he could have carried out the original plan?
Someone a lot smarter than I am on this one needs to help me out, but I think those 14.5 billion shares are being discussed because of things the new management didn't do, file on time and make payments on time. The conversion price originally wasn't 0.0007, it was 0.0175. I'm not sure when anything else came up that lowered it from 0.001, which is what most of us thought it would be, but they must have done something in a subsequent offering to lower it further.
Ah the strategy. Well, hopefully common sense will help out and the other board members will see the benefits of Plan A vs. Lack of Plan B. As you say, things are on a downhill spiral, with a plan and people he hopes we can all turn it around.
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