"In the event we are unable to convert into equity the balance of the outstanding November Notes, RDO Notes and the outstanding redeemable Series B and Series C Preferred Stock, the holders may obtain judgments against us and seek to enforce such judgments against our assets, in which event we will be required to cease our business activities and the equity of our stockholders will be effectively wiped out."
David, not true. The Jade lenders have been given some of the shares to sell and they will be selling whatever they want. No time limit has been published but you would be correct in saying they would like to sell as many as they can pre reverse split to maximize their profits.
IMO, anyone buying today will be in a loss position shortly.
The Jade lenders dropped the share price from around .0041 to .0031 on the first day they were selling shares.
Your answer is that they dropped it more than was needed considering the current demand. Just watch the share price this week. If the demand tapers off as I expect, the Jade lenders will drop the price some more.
I think I agree with everything you are saying. so where the hell does the guy who just wanted to buy 3 million at .30 come from? and the 20 million other shares traded today, and of late, with no pump and promotion?