Zeev, you are shooting from the hip and you know it. You are pulling numbers from everywhere, adding 2+2 and getting 8. I have your posts printed out here in black and white. I read a sentence 3 times over, and to be blunt, it doesn't make any sense at all! Perhaps you are that smart and I am that stupid. Perhaps there is a gulf of intelligence between us that I simply cannot cross.
You have spewed enough half facts, it would take a team of Philadelphia lawyers a week to nail these down and confirm or deny them. You have accused the longs on this thread of immoral hyping. I accuse you of misleading by obfuscation.
You said, "You may want to go back to some recent 8-k describing settlements of outstanding suits, since I believe (if memory serves) that on top of the 7 MM shares temporarily donated by Gordon, the settlement also involved 4.5 MM shares directly from the company." Zeev, I suggest here that in this case, "4.5 MM shares directly from the company", memory does not serve. Why don't you look up the 8-k, report to the thread why your above statement is a half-truth, and post your apology?
Allow me to restate the gist of your first paragraph in post #33058. You allege, that even though the outstanding increased from 82 million to 122 million, this 40 million shares was used for every other purpose under the sun, and only a measly $300,000 of PP debt has been converted leaving $1.7 million to be converted. Would your scenario be in direct contradiction to the CEO's statement at the shareholders' meeting that $1 million of PP debt was left to be converted? How does your scenario fit in with the persistent rumors that all conversion of the old PP has been completed?
Allow me to restate the gist of your second paragraph in post #33058. You allege that the above $1.7 million (which you kindly round down to $1.5 million) plus $1.5 million of burn rate (expenses) in the 2nd quarter plus $1.5 million in the 3rd quarter equals $4.5 million of debt to be converted. According to you, this $4.5 million will undoubtedly be converted at a rock bottom price of $.03 resulting in additional 150 million shares of dilution. Zeev, this defies common sense! Are you presuming that the company has drawn some $3.0-4.0 million on the PP and none of this money was used to cover operating expenses in the second and third quarters? This is gunslinging financial analysis at its worst! Where did the $3-4 million go? Your numbers don't jive, Zeev.
Regards, Suzanne
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