I'm glad to see people contacting the company and urging a sale. The small investor owns most of the shares, not insiders and institutions. The best way to encourage a sale is unfortunately to vote with your feet and sell your shares. I see by the price it's happening already. When their stock price is down to nill and they can no longer raise cash, it will put a lot of pressure on them. Any additional financing will become very dilutive and unattractive. Should get interesting. I wonder how the lawsuit will affect any of their deals/contracts that are in place with their partners....their partners may also start to put pressure on them as well if they think the company may not be in business in the future....GLTA
"Any additional financing will become very dilutive and unattractive"
That is the problem. With the lawsuit hanging over the stock it is not going to go over a buck, which means another reverse split. They will also dilute the stock at that depressed point to raise cash at the same time. You say "unattractive" but to management the amount of dilution is irrelevant, they will dilute existing shareholders into oblivion to save their jobs. The new investor gets a great deal, management keeps getting their paychecks, and only the existing shareholders get screwed.
I have been saying this for 4 years now. This company is a paycheck writing scam. Has been for years. They won't sell. They only care about their own bank accounts. They have screwed all investors large and small for years. If it ain't broke don't fix it is Matt's motto.