because CDFT is currently actively looking for companies to acquire in exchange for anti dilutive preferred convertible shares

I'm sure they have standards as to what they will accept and what they find as "toxic". Given the past 2 days here (and longer, but the past 2 are sufficient for this comment), I'm sure this play wouldn't qualify as a candidate.

Steve said that there would be a whole new batch of shareholders coming on board. What he failed to specify, is that the current ones were going to get thrown under the bus.