20 ml PP @ .30 ? I predict:
--McRae sells 20m shares at .30 in a PP (to friends)
--1m for pay-offs and bonuses
--5m to RCP (loan agreement, June 20)
That buys him time, with no special meeting before Nov. 5
AND the 20m shares to friends triple (.90) on the sale of AH (great deal, eh?)
He and the BOD win again (that's rabbit #3 HT)
JMHO