RE:RE:RE:Insider filing If Peter is the 'investor' that provided the $3 million debenture coming due before the end of this month it looks as though he's just rolling it over and not investing new money. The difference is the current debenture provides the option of converting the $3 million into shares at a value of $.80 per share while the new debenture has a conversion rate of $.28; obviously a better conversion rate...
Misbrandt wrote:
Yeah I'm not great at reading insider reports but that is Peter giving a 3 million convertible debenture for shares at .28? Say what you will about delays and such but CEO putting lots of skin in this game.