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Huggy Bear

11/04/13 11:54 PM

#14070 RE: sac some money #14068

Do you or anyone else know how much the debt holder has to convert at all?

With filings and transparency like this I do not understand the going "fully transparent" promises at all. Like as in when this seller quits selling on convertible debt terms most likely with terms undisclosed as to how much discounted debt is eligible to convert?

I see company shuck and jive and real time selling of shares issued to pay some of that debt courtesy of Johnny Q. Public buying worthless shares. Who cares who the seller is if it is company shares being sold for debt owed? That is still dilution and likely on highly discounted terms.

It is a promoted train wreck IMO bottom line.

Owlman

11/05/13 6:57 AM

#14074 RE: sac some money #14068

And I see no reason to disbelieve them. But all that means is that we agree with the company that this noteholder dumping sucks.

The noteholder (or the third party she sells to, doesn't make a difference from our perspective) dumps every single day. Without pause. The noteholder dumps into news of course. And as we all can see, because of the noteholder, the lows do not get higher on the chart. We will never gain and hold ground as long as this is going on. Without the noteholder, Friday's gain on news would have left the price no lower than .0016 on Monday's pullback, or possibly it would even have been the beginning of a few bullish days in a row. Noteholder selling = no momo.

The only thing that seems to be saving this situation is that there seems to be an effort by the third party to not dump this to the trips. And even then, that looks like it's only as long as it's convenient for them.

They use VNDM and, I think, CSTI (can anyone else confirm that?). Generally they dump in mil share blocks; sometimes they break up a mil into some odd-numbered lots to try to look like retail (but they're not fooling anyone); sometimes they dump 2-3 mil blocks. About a third of the time the dumps(especially the exact mil dumps) seem to go to hidden AON orders, probably covering shorts.

In this update they said they're trying to buy out the noteholder. This has to be PRIORITY NUMBER ONE for OTHM.