This is all fun and games until someone gets hurt, and in this case its all shareholders, especially so for the ones that have financed PMN from the beginning up to now. We will find out soon enough just how kind the the Boston Group (FSG) bunch are to all shareholders when they start future financings all over again. Don't forget, with only 7.1 million shares outstanding it gives the new kid on the block full authority to run the share count into the stratosphere if they choose.
It should come as no surprise with a group of billionaires now running the show, we will have no input whatsoever in the direction the company now takes. Our only hope is the FSG bunch take pity on us and treat us right, talk about a joke, but we will see.
For the most part i am with goldtech. Gene and Elliot have lied to us and we have been taken to the cleaners by a pair of clowns that kept their jobs alive with ridiculous financings to serve their own selfish needs at the same time destroying the share structure of the company. Thanks to an equally inept BOD this went unchecked for the past 6 or 7 years.
If Neil Cashman's science proves correct, we could be saved but not to the degree we could have been if the share structure had not been destroyed by the pair of bungling idiots in the first place.
Good luck to all. The next 6 to 12 months will be pivotal in whether or not PMN survives and thrives or if all concerned have an unwelcomed tax right off.
gary.