the next step, page-9

I think the carrot is delayed. That is why the letter of demand. Instead of a carrot selling the next cr, they have gone the forced method. Cr or die. Good selling stratergy.

The timing of the volume last week coincided with a need for money. The previous volume that Jovann refered to coincided with the 'upto $350k' that JP/Celtic injected.

My best guess is that both were attempts to pump the sp and get a cr off the ground. But all interest has died and the sp cant be sustained long enough for a successful cr. So they resort to funding themselves. But then they issue at half the current sp which just adds to the sp issues.

The other option was they were selling into the volume with plans of pumping the money back into more CNotes. But the volume didn't raise enough funds. Jason/Celtic can sell without raising eyebrows. JP can only sell via family accounts where he is not the nenefitial owner.

Either way, the buying strength was not a positive. Just some kind of window dressing. In both attempts it was designed for show. The same volume could have been distributed evenly over many days. But that is less showy.

Ive mentioned selling some of MLPH, and you also mentioned it yesterday. The best way to do it is via a USA cr. Sell shares in MLPH. That will raise cash and dilute our holding. We can then borrow from MLPH or sell something to them, a patent or product.

Although JP is wealthy, GLA, PNO, OBJ. Rent and directors fees over 3 decades. The current amount seems too high for him alone.

And debt is now near $2mil if you assume the full $350k was drawn down. That basically limits any debt funding. Restricted to equity now. And the last few times failed. But this time the urgency might get it over the line. It will need to be partially underwriten to succeed.

Their have been some nice rebirths like VIL, BNE, ISN. So it can be done. VIL changed sector. We aren't looking to do that. BNE did debt for equity swap and a consolidation. Their balance sheet is healthier and their sp has liquidity now. Jury still out but they solved short term issues and gave themselves a chance.

ISN consolidated. Took awhile to warn up. Went high and have subsequently fallen. Management issues with ex MD selling out. Sp still multiples of the consolidated sp even if it has taken a beating recently.

Ofcourse their are plenty examples of failed consolidations too. But wat do we have to lose.