Reeltime Rentals Inc (RLTR)

[Chachang1]

Again for your education. The debt of the company is less than 800,000 which is mostly in the form of convertible notes and some non convertible notes. The vast majority of them are to principals and insiders who can not convert to more than 4.99% of the OS at any time. That means that the most they can convert to is 650,000 for the few non insiders and 130,000 for the insiders. There is no debt service burden on any of the debt other than conversions which you can see in the filings range in strike price. Most would not make much sense to convert until the stock is over .25 due to cost of clearing and depositing certificates etc. The 6 million you are referencing is a retained deficit. That is not debt and is a very good thing. For a company basically starting from scratch that is a very big positive.