Not new toxic financing. They have to file this

Not new toxic financing.

They have to file this form sometime during the 45 day period before year-end because they own 9.99% of the company.

They are heavily invested in the company. They own common stock, Series E preferred stock and a warrant.

What we should focus on is the fact that they have almost 1.3 shares of common that they haven't sold in the open market even though they are free to do so.

Quote:

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Subject to the Ownership Limitation (defined below), the Reporting Persons may be deemed to beneficially own a total of 2,723,811 shares of Common Stock, consisting of (i) 1,270,153 shares of Common Stock (“Common Shares”) held by Gemini, (ii) 418,556 shares of Common Stock (“Make-Whole Dividend Shares”) issued or being issued to Gemini on or about December 28, 2015, (iii) 979,547 shares of Common Stock issuable upon conversion of 194.44 shares of the Issuer’s Series E 12% Convertible Preferred Stock (“Preferred Shares”) issued to Gemini on or about July 9, 2015 (without dividend accrual), and (iv) 55,556 shares of Common Stock issuable to Gemini upon exercise in full of a Warrant issued to Gemini in connection with the issuance of the Preferred Shares (the “Warrant”).

Could someone please translate this?

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