If, after 6 months or more, those investors conver

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If, after 6 months or more, those investors convert those shares (relieving the debt) in order to HOLD or sell the shares in their trading accounts, that, to those same people, is bad because those investors are benefitting from buying at a discounted price (even though they take the risk of not knowing what the price will be six months down the road).

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They don't take a risk, which is the point. They get discounted heavily shares at conversion........REGARDLESS OF WHAT THE PRICE IS.

That's why the SEC refers to it as DEATH SPIRAL financing.

I realize they may need to do some toxic financing as they are a start up, but to do it for years and years and years and try and suggest family members are heavily invested is PURE BS. They seel the shares as fast as they can get them as the FILINGS show.

If they were, the beneficial owners list on page 27 would be a lot longer. But I know a deck hand posted he knew players of many more than I have seen reported.

The following tables set forth certain information regarding beneficial ownership of our capital stock as of the date hereof by (i) each person whom we know to beneficially own more than five percent (5%) of any class of our common stock, (ii) each of our directors, (iii) each of the executive officers and (iv) all our directors and executive officers as a group. Unless otherwise indicated, each of the persons listed below has sole voting and investment power with respect to the shares beneficially owned.

Page 27 here: http://www.sec.gov/Archives/edgar/data/110621...-06335.htm