Replies to post #380 on Fonon Corp. (fka FNON)

[Barney Vissur]

I stand corrected, and should clarify that they were convertible notes. However, (and this doesn't really benefit any shareholders at this juncture) Soon-Shiong must be looking at the patents as worth well more than the 11 mill owed on the notes because there is no theoretical way he will get paid back on those notes. It's "confusing" because this would mean that Soon-Shiong got a product worth well more than 11 mill, but the crackerjack managment team couldn't find another buyer of the company and the technology within it. With no assets, Soon-Shiong won't get paid through the company, but if he thinks the asset is worth well more than 11mill, he doesn't care. Anyway, if this is what happened, mgmt HAD to have cut themselves some sweetheart deal before they walked away and screwed the shareholders. JMHO.