1. Toxics never hold shares. They sell to retail first, then cover from the company at a known (discounted) cost. The 5% cap is meaningless. 2. If only $150k is used to pay off debt, they still have $2 million in liabilities. Should any of those owed money decide to sue, I'm not sure their agreement would be able to protect those funds. In addition to this toxic debt, they'll likely need more for non GLF expenditures, which remain high. 3. No, it's 20% of REVENUE PLUS 20% of GROSS INCOME from GLF. Assuming that there's a 50% gross margin (quite high, but let's be generous), for every $100 of revenue, $50 goes to costs of production and $30 goes to the lender to pay down the debt, leaving $20 for PNTV. If Gross Margin is lower, it's less than $20.
Keep in mind, they have received very little of the funds yet and they are paid out over a period of time.
TA - Over $500 million in toxic funded pump and dumps exposed and growing every day!
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