RE: Strong Arm Tactics... I cannot blame Marret......I blame Cline management....IMO they really dropped the ball here. They put the company in a position of weakness and had no choice on the deal. Giving away 10,000,000 million shares and still need to pay 10% on the bonds in a zero interest enviornment.
It was 6 x months ago they could have sold 10,000,000 shares outright for $50M......with no Bond issue....I have never seen anything like it.......IMO
Next it will be to re-price all their options to make money on the backs of all the shareholders IMO........we need a joint venture partner or a buy-out IMO before we are sitting on 300-400 million shares outstanding at .20 cents.......so frustrated in management lack of skill.