Byron. On the iPhone so I'll be brief.
The seller is the mob that received the convertible notes. They're being issued at .001 so they'll flog some immediately to reduce their exposure (and break even on that sale) and sit the rest at .002 and .003 to double and triple thief money IF things recover.
Disappointing to hear that you're buying but you're a big boy so hopefully you can afford to lose the lot when this disaster unfolds.
All the best.
PS. Lunch with the CEO? Let me predict the conversation. "Everything is fine" "the market will clue on one day" "the market is wrong" "we have the full support of our lenders" "we'll all be millionaires soon".
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