pennystockmentor, Thanks for the info. The CEO can get as hot as he wants about the downward price action. It won't help. He needs to stop with this toxic debt convertible financing to really help. As for his comment of reading the PRs, I will just wait to see the quarterly filing to find out about conversions happening this quarter. The CEO was either unable or unwilling to stop the latest note conversions. Actions or lack thereof speaks louder than words.
pennystockmentor wrote: -------------------------------------------------------------- I just spoke to the CEO..he's aware of the price action and seemed pretty hot about it. I asked about conversions..he wouldnt say anything specific (obviously he cant legally) but said I should look at recent PRs and should be able to come to a conclusion if conversions were possible. Im going to go with the tax selling theory and just keep picking up cheapies. --------------------------------------------------------------
I'm not surprised at Schadel's reaction. He's heavily invested in common shares, his employee stock option plan is taking a beating, and his current "co-owners" are certainly wondering what's up. I believe this is a legitimate venture with considerable potential. There is too much effort involved here for this to be a fly-by-night operation. I just hope the captain of the ship isn't in over his head.
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