Thanks JCW for the report.

Pretty much everything reported here (in the past on this website) regarding second hand info supposedly obtained from Fung or Marshall, turned out to be 100% BS.

The part about the doubling of the outstanding shares (if true) really justs kills me -DOUBLING!

From your submission: I inquired about the dilution factor with respect to issuance of new shares. He indicated that he guessed that financing might require the number of shares to possibly (approximately) double."

This makes me sick! As I have heard many other viable options mentioned here on this discussion board. Like restructuring the debt with the noteholders to get them to pay some of the costs, or my favorite find an entity willing to put up the Arb costs for a big payoff at settlement.

If Fung could dilute @ .13 he raises 4.7M for arbitration by doubling the outstanding shares. So is he saying all he needs is 5 million dollars to go to arbitration? Since I am not interested in buying any more stock to average down to zero or day trade, this makes the value of what I have exactly 1/2 of what?

A funny joke about math, one half of nothing is still nothing.

3.8 Billion is 3,800 million

For a 5 million Arbitration funding risk investment, couldn't we promise to pay someone 20 or 50 times that back when this is settled? 100 mil or 250 mil? Isn't there anyone out there with some cajonies to do the arb financing?