Ron Pasek DO NOT JUST purchase 14 Million Shares
It was his portion of the loan that the directors had made several months back. The 14 million shares added to his holdings are part of the recently announced debt settlement.
It's being reported as a purchase, as part of a Private Placement because that's the only way it can be described in legal terms.
The ACTUAL thing that happened is Ron Pasek LOANED money to Spectra7 months ago, and he is has now ACCEPTED shares in place of cash as REPAYMENT.
So, to those who are now screaming about a new private placement...nope, nothing new here.