I watched the presentation and looked at the filin

I watched the presentation and looked at the filings. As a result, I need to alter what I said below.

Although Discover Growth Fund was an impediment because their dividend rate ballooned to 24% with the share decline, their selling was not the cause of the share decline. They only converted 150 Series G shares in July and then another 212 Series G shares after August 14. They still held 1260 shares of Series G which the company purchased.

So they weren't selling much on the open market.

In fact, although many scream "dilution!" the company still only has 7.9 million shares outstanding. So they haven't been issuing any new shares.

Existing common shareholders have just been selling. And at low prices.

Quote:

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They owned the Series G.

The Series G had a fixed conversion price of $9 a share. Not bad. But the formula for the "conversion premium" to be paid upon conversion adjusted as the stock price went down. Their dividend rate went from 8.25% to 24%. And if they were paid in shares, they would have been paid at 80% of the average of the lowest 5 trading days less $.005.

In other words, they had an incentive to push the price down to increase their dividend rate and conversion premium. So they could convert some and apply selling pressure at our expense and the expense of the uplisting.

They obviously were doing so if the company bought them out, banned them from trading in our stock for 2 years and labeled them the "significant impediment."

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