Ann: Trading Halt, page-78

I think it is highly likely, that they were in such a dire financial position that he 'with all the share broking experience', worked out the schemes to massively disenfranchise existing shareholders - the consolidation & Convertable Notes & going off-market to get money. It saved the company, but at a terrible cost to its shareholders. The mafia loan-shark rates they have been paying on up to 6 million dollars is further testament to their financial recklessness, let alone the free gifts & Gekko deal with related parties. What a disgrace of a company: But people still throw their money at it, in the vain hope they will make some. Just my opinion. Do Your Own Research