Yes, but....... It's another one of those "mysterious statements" that didn't seem to make much sense to me.
Per your J-mail, ..."While I understand the concern about potential dilution, I
ask you to also consider the importance of having shares to
do acquisitions and raise capital so we can retire the debt
of the company"
In plain English, how the hell's he going to make acquisitions when he can't pay off YAG? If he floats more shares, he dilutes ours and causes the price to go down. Even if he gets enough cash to make a few payments towards YAG, we still have the balance of the debt and no money to acquire anything. It sounds to me like Jay's trying to pull money out of thin air.
The only thing I can see is that he isn't going to use those shares to pay off YAG, he intends trading the shares to some poor, unsuspecting people in trade for their company. Not impossible, but highly improbable.
As for the part of the statement he makes...."and raise capital so we can retire the debt"......I don't know who's going to give him money for MOBL stock knowing that it devalues as soon as it hits the open market because it's little more than a dilution to what's already out there.
The whole thing's beyond my comprehension.
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