Neo,
Detective claims that he did not have all the details, but only an idiot would believe that a publicly traded company with 8 billion O/S would do a deal for 7% interest on $550,000 and also give away more than half the company in the form of 10 Billion shares!!! Especially after they gave stock options in the neighborhood of 60MM to 120MM as incentives to SWK management!! They would effectively be saying that this company is worthless!!
7% is an amazing return with inflation at NIL!! Mark might be a Jerk, but he is not an idiot!!
I am just thankful that they did not do the Kiss of death Friday afternoon release. Here is hoping for 8:30AM Monday morning!!!
Oh and one other thing, this notion that Mark Meller is gonna dilute his debt into equity in the form of BAZILLIONS of shares is also as GALACTICALLY INSANE as Detectives previous miss guided theory!! In theory Mark could claim his debt needs to be paid in full however that would first require an increase in outstanding shares, there is one small issue though!! The presedence that has been set forth by Jerome Mahoney and YAGI who excepted 10 cents and 25 cents on the $ will make it near impossible for Mark to legally take his 80% cut without doing one thing first!!
and there is where I will end my thoughts and keep the rest to myself!!!
Have a Great Weekend!!
maestro
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