David Dodd 270,333 shares and 775,000 options - you think he wants that diluted to nothing??
$10 million at 10 cents is 100 million shares, at 20 cents we're talking 50 million shares .... what do you think spiked the price 6% on volume today?
Or would you do nothing if you were Dodd, allow the shares to go to nothing? What if the trial fails and you have over a billion shares trading at 2 cents, need money and just lost your best asset? It's an insurance policy that can easily be bought. This way Dodd says #$%$' to the shorts and warrant holders who tried to make him look like a fool. You have to have kahunas, brains and guts to make such a move, all of which Dodd has ...