I appreciate your explanation which puts things in perspective.

What is bottersome to me is the fact that the company has totally abandoned its responsibility and concern to its shareholders...

Why couldn't they tell us that they were juggling the "Payment" of the $750,000:00 note? If this information was put out in a responsible manner, the pps would not be down to $.125 CENTS, as it would be seen as a "GOOD THING" as you put it, and it would reflect company's concern toward maintining shareholder value.

Putnam and company are mistaken if they take the shareholders faithfulness to this company as a sign that we are nothing but a bunch of dolts, and they can do as they please...

Please make an effort to get the ANSWERS to questions raised in your post to confirm your theory as to what took place...

I appreciate your efforts...

Regards...

Gil...