Originally Posted by
gtechpilot
Ok, they have 75 million shares out now - they are planning on issuing 825 million new shares - how would this not devalue the stock to around $.04 per share?
I tried to cut and paste the entire table published in the SEC filing, but at $.10/share JOe is going to need more than the 900M shares. However, the bondholders may not even demand payment if it means accepting the shares. Either way JOe wins.
eP.