Ann: Converting Note & Non-Renounceable Entitlement Offer, page-28

@room10

I am not sure why you are harping on about that.. it is old news..

Without wasting time going back and looking at the numbers - lets do the maths..

MEB paid 400K plus about 100K worth of shares for VC

MEB paid 700K investigating Jack for his actions...(legal fees)

and then announce nothing?   Strongly suggests that there isnt anything they can act on.. 

p.s  Lets ignore the income that VC bought in before Jacobs pulled out and the Peta related cash flow stopped ? was that 150 K

It really just makes Chris and his board look even more foolish.. unless the 700K was spent defending action from Jack.  He doesnt seem like the 

sort of guy to roll over and take it on the chest...

I did ask someone about the VC transaction and the accusations that were floating around - and the reply I got was that Jack was arms length from the VC transaction and it was a subcommittee of others that did the DD and came up with the offer...

We have all suffered in this loss - and it is a lesson learned... not my worst lesson on the stock market but as with all of them  - painful.

Lets move on...The damage is done to the SP, MC and our wealth.