S1/A Filing is to register unregistered shares from the PIK Financing... A non event
All these people have to register their shares sometime... IBS is going to sell on no news 8 or 16 mill shares how? If they wanted to sell they had registered shares.. I believe it is just good business to have the same right to sell as you or me especially since all those on he list bailedthiscompany out when there was no commercialization, there were lawsuits, etc.
I defend no one, just analyze the situation as houseKeeping as you put it.
Happy New Year, you are probably the best poster on this board.