Let's examine this idea closely....good food for thought and discussion versus some of the monotonous exchanges of before.
1) Call Kantonen's estate holds roughly half of the insider loans to the company. Possible, but I would very much doubt that they would accept a reduction by half of monies due to them.
2) That would leave it to Brian Nichols to eliminate all amounts owed to him. Since he has been the one left supporting company funding when needed, not sure of the "fair" aspect being discussed.
3) Stock options for Cal's estate and Brian have been in place for a number of years. Option prices were set at 2 cents/share, which is actually slightly above current pps. Again, you have Cal's estate involved, and they would have to accept these new terms of no share options....assuming they pass through to estate.
So legally, there are big question marks associated with the thought of reducing/eliminating officer loans and stock options
4) Use proceeds from new share sales for business execution only, development of FASC-owned biomass businesses....and I presume from the summary, also for a new CEO.
Sounds good on its face value. Let's dig further on this.
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