Pagnano is owed more than the market cap of the company....alot more.
Just look at the notes to their financials. I see he seems to rather have the debt owed to him, rather than shares? He was getting paid back a bit.
He will probably reverse split again, so the market cap can drop fast with the share price after a reverse split. But he will still be owed the money....LOL I wouldn't take the shares as compensation, either.
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