If that's the case, why didn't they buy on the open market today for .008 and just hold the Preferreds? Really? Why would someone spend $85,000 for something they could have gotten for $68,000?
Another flaw with your conspiracy theory - why would they PAY .01 to convert these shares so they could sell them at .009? .008? .007?
IF, as you claim, their plan is to sell the shares at .0125 for a 25% profit, how is dumping 8.5 million shares going to move the price from .009 to .0125?
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