Biostax Corp (BTAX)

[noreen]

If you don't think this stock has been manipulated down, then you have some unanswered questions that you clearly don't even realize. How would you explain Noreen or Peter signing a $100k note in which the company will be charged $5k per day when they're in default? Keep in mind this note is now paid off, but while this note WAS on the books, it's clear the purpose was to scare away investors and keep the PPS low.

Quote:
Promissory notes issued in December 2015. Lenders earn interest at a rate of 10% per month. Notes are repayable on March 9, 2016. $30,000 of principal and $49,000 of interest and penalties were converted to 987,500 shares of common stock in 2016. The Company was unable to repay the remaining note at maturity and the note is in default. The Company is obligated to pay late-payment penalties totaling $5,000 per day on the remaining obligation.

Huh? How is it possible any CEO would agree to such unfair terms unless they were purposely trying to scare investors away? They obviously could've gotten a loan for $100k on way better terms (10% interest etc). Look at the other notes. None of them are this ridiculous. Don't be naive.

Pay attention to my next post. You'll find it funny. It will get deleted probably, but I'll keep reposting until it's answered or I'm banned, watch this.....