Your correct, Hansen is yet another dope like Apfelback and the current Koeppe lackey.
In case anyone is thinking about buying stock at 20 cents or lower. Here's the deal Koeppe, Stein & Abdoo worked out for themselves on the preferred stock deal they wrote for themselves.
'Upon any liquidation, dissolution or winding up of the Company, holders of Preferred Stock are entitled to receive out of the assets of the Company an amount equal to two times the Stated Value, plus any accrued any unpaid dividends thereon. At June 30, 2015 the liquidation preference of the Preferred Stock was $5,635,866.'