conversion or default, page-11

Look, if the company came out and stated an intention to trade out of trouble and pay off the new con note as loans - and NOT by allowing equity conversion - great.

But, it appears to my way of thinking - on the little we do know - that it is all designed to allow Gandel and his clique to assume de facto control of the company - at a bargain basement price.

Rogers and Gray - the only directors - are plainly, clearly and obviously compromised. The latter is Gandel's representative on the board, Rogers.....well, the less said the better!