It's worse than I thought.Creditors get an additional 30% discount from a share price that they may have created by shorting this to new lows?How much worse can it get?
Million & Million & Million of shares to short/dump.
Sad but true. McClellan took us down the toilet. :-(
Yes he did.
30% discount to the market price gripes my a**.
They can short until the last day before conversion and still have a 30% buffer.
It really is bad.
The creditors can short it to 5 cents and convert at 3.5 cents.Amazing!!!
McClellan screwed the shareholders.
It should break below a dime by tomorrow. :-(
30% discount to the market.McClellan gave away the company to his cronies.
750,000,000 shares :-(30% discount from the market price? :-(Did McClellan negotiate this give away? :-(Once again he screws the retail shareholders. :-(