they still rank higher than unsecured creditors and shareholders and the fact that George potentially issued 100 million shares at convertible prices less than everyone and anyone who bought in and believed this story over the last 7 years is a crime. then again as a hedge, the syndicate can just clip coupons for the next five years and bleed the company of cash without converting anything. which would essentially wipe us out anyway if they run out of cash.

there's also that $10 million line of credit issue secured by gold that was quietly slid in there as well. what's up with that?