InvestorsHub Logo
Followers 1
Posts 187
Boards Moderated 0
Alias Born 03/27/2017

Re: 12ka post# 40897

Sunday, 08/20/2017 4:19:30 PM

Sunday, August 20, 2017 4:19:30 PM

Post# of 61601
Yes lots of debt, but the idea is if they can restructure the current notes coming due and extend the date to say Oct 2020, they can focus on increasing revenues to cover the debts when they come due. The notes principle and interest is due at maturity so they are not having to make payments until the maturity date.

As I see it now, the 14.4M convertible notes coming due Oct 9th 2017 will have to be renegotiated as there is not enough shares available to convert. I believe we are around 180M shares remaining and 14.4M would be upwards of 900M shares. A/S at 500M actually works in our favour. I don't think any of this note holders expected the share price to be $0.015.

From what I understand they can only do a reverse stock split every 6 months in OTC. Trying to find confirmation of this. Anyone have a link?