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Juschilln

01/25/13 10:20 AM

#29799 RE: longhorn4lif #29796

"Toxic financing" makes the world go round for the little guys just starting out baby. Just the way things go.
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molecularcd

01/25/13 10:31 AM

#29803 RE: longhorn4lif #29796

10-4 fella

My guess is Mason was well aware of it when he "merged" with Worthington last year, and assuming it's been his intention to build the company (as opposed to misleading penny players to cannibalize it) it's entirely possible that the delays to MI production were significant-enough setbacks in his plan to pay down the toxic debt. Of course, plans change and I'm still uncomfortable with the number of shares Mason has relative to the OS. I can't help but think if he and the rest of management were confident the pps was going to go up post RS they'd have passed (awarded themselves) "options incentive" somehow.

Watching and waiting.