So where is the news release on this horrific PP?I wonder how Roger will spin this?
A. We had cash only until the end of January. We were in contact with the same investment group that gouged us and because of the massive amount of control they hold I was forced to complete a PP at an even lower price than the last time. They have promised to allow the stock to go way up this time after this PP but they promised that the last time too. I would have hated to defer a weeks paycheck until the stock exploded and besides this investment group are my friends. They were kind enough to keep selling stock to naive investors until we could get this low ball deal done before it was even needed. I appreciate the relationship and support of our control group. Next PP is planned for January at .20 cents with a 15 year warrant at .15 cents. The board also approved a 35%raise in salary and 50 million options at .19 cents for certain officers and others as deemed fit for a 20 year term.