Originally Posted by
rickair7777
True, they can pay with stock. However...
A reasonable stock issue is one thing, but issuing TEN times the amount of your stock currently on the street, which is valued in pennies, sounds outright fraudulent.
If I were the bondholder, I don't think I'd accept money printed by JO...
The bottom line is that they still have to have investors to buy these worthless stocks. I seriously doubt that they'll find enough capital with the disclosures he has to include. Even with another public offering, if one comes, he'll have to generate a ton of capital to generate any capitalized position to secure, well........anything. Credit, equipment, flying, etc.
Good things happen to good people and JO is NOT good people.