My old pal BBF, someone is finally getting my point about the past. The latest 10Q showed 1.3 million shares converted by the two debt holders. You can speculate that either they know something or they're hurting for cash. Roswell, specifically over the last two years, they've been involved in 2 lawsuits seeking damages in the millions. If in fact both debt holders are our current sellers,
they're selling their shares at a discount to the conversion rate at close to 15%. Ouch!
Lets take into consideration, both debt holders were pre-paid 6 months of interest @ .40, and have collected a great deal of interest over the years.
Two positives, debt is being reduced and the shares have been absorbed in the open market.
If I had to estimate. The debt holders probably have somewhere between 7-8 million convertible shares still left. They have the right to convert until the S1 is effective.
In my opinion, any good news that is released or any road show under taken, mark my words,
those debt holders will sell into the event. Whose got who by the balls?
We've got to pay for Peter Berry past sins before we can really move forward and drive this stock price home.
CP
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