RE: Insiders bankrupting companyFirst they announced a non-brokered private placement of 16,666,667 shares and a month later they only got 15.5M even though insiders bought 11.5 M. This means they had trouble finding $360k of money and could not even get the last $100k. Most of this money is already spent and they may use it to cash out debenture holders first. I would take the advice of the previous poster and follow the money closely as it will disappear soon.