How do you know that PWC is holding equity? And the debt is to a NIR fund (AJW or something like that) debt, which unless definitions have changed, is a debt, which according to PWC, will be converted into equity, ie. a conversion. And once converted, PWC, which is the Trustee for NIR, ala the NIR funds, will dump the stock so that NIR investors will get some of their money back and so that PWC will get paid for its services, which the "NIR" funds currently owe 1.5 million to. Shareholders here ought to really ask PWC for full disclosure on the relationships and indebtness of the NIR funds to PWC, as well as what PWC plans on doing with the "equity" when converted, and what time frame they are planing to sell those converted shares in. It would help to keep shareholders from being blindsided. Factually wrong, if that makes the situation more palatable, Shareholders can believe what they wish, just don't mislead others.
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