Oops, you should have included this in bold.....
Post# of 7791
Quote:
2. Succinctly, the Defendant's theory and only defense that he has presented to his inane allegations of improper conduct, is that Seafarer grants to insiders a form of bottomless stock conversions, with no set price upon conversion of the monies lent to the Company. The documentary and true evidence will show that this baseless allegation will literally destroy the Defentant's only theory as to such stock conversions being essentially insider favoritism. Indeed the documents earlier offered for production subject to protection will show that the loans and conversions to related and other parties, except for some possible unrelated parties commercially, were at locked in pricing for conversion floors.
And of course one can simply read the filings and see they have issued floor less convertible notes.
I told you it wasn't a trick question. Have you not read the filings? You obviously misread item 2 where Huffman is conveying related parties don't get floor less convertible notes, though unrelated parties may.