YES! The company was paying 12K/month to "sublease" office space from Harborview--so Harborview is "compensating" themselves with common stock in ALQA for the calender year 2012 instead to getting money. They are just "draining" shareholders in a different manner, IMO, for 2012. On the one hand they were taking cash--this year they are diluting the common equity, IMO.
Please correct me if I am not understanding properly.
Those 24 million+ shares were liquidated by a holder of the shares (kalen capital--the vancouver company that had been a holder). They apparently liquidated their entire holding in ALQA at 4 cents/per share. None of that money would be going to ALQA as I understand it.