David F. Welch owns about 12M shares and was our director before voluntarily stepping down. His quote proved to be true years later, and we found out today:

“I will certainly continue to support the Company as a shareholder, advisor and partner.”

This imo, is just surety that it is covered. He supported management and it’s evident that he did because 13D would have bragged about having a former director provide 12M voting shares.

Remember, the judge said he felt we would win? I’m sure Sidley, and the company feel that way as well.

I believe some things are cooking in the background and pieced some things together, but I rather see it play out then speculate with you all.

This 8K hurts the shorts for several reasons.

1. Without Nader the team still minimized dilution. The shorts were hoping they would dilute a bunch at the current price to post bond, so they could cover. They don’t realistically believe we will go bankrupt. There’s way more data now than when we were at $10 and we are manipulated to our current SP.

2. What this surety deal does is give us more time to raise money at a higher share price via big catalysts. Meanwhile, short interest keeps accumulating.

3. Think of all the milestones we have coming up, what we know hasn’t been presented to us and your imagination will run like a bull. Especially with Welch backing this up.

Remember, he was an investor first, just like SK was before they were BODs.

Great post