Waggett, I have always respected your opinions. Yes, intent of actions have been needed for financing and has been bad for all long shareholders. You jest in your quoted response, but it is not funny at all. Most companies do file the proper forms when 504 shares are distributed but steve chooses not to under the umbrella of a SEC code. Every PR that steve puts out to sell more shares has the following;
"One of our most important responsibilities is to communicate with shareholders in an open and direct manner."
The above statment should add at the end, "when we need to sell shares and we choose to keep certian information that investors should get and could be useful to help determine their investment in Tivus to ourselves."