Look, if the company came out and stated an intention to trade...

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!