Retiring
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The merger with Versant wasn't consummated until February of 2013 so how in the hell could they be talking about the PPA for YEARS?
The company can't pay off their own notes? Since when?
Riiiight, sure, the debt that was acquired in the merger, the 6 year old debt.
In seeking answers and asking for a clear response I don't expect to be answered by another question
I know the feeling. Are we still talking about the 6 year old debt?
So, you're trying to tell me that the company can't pay the note? LMAO!!!!!!
You mean the debt that was acquired in the merger?
Years? The merger wasn't even consummated until February 4 of last year. Years? really?
It doesn't stipulate who is going to pay for it, does it?
Regardless of what you say, it doesn't have to be in the specific section. It WAS, IN FACT in the last Q. Want me to show you, AGAIN?
That's because the pumper clown CEO spoke about acquisition in a CC.
With only 1.4M in assets, how much do you think selling those assets will cover the $9M in debt?
All,ALL material events should be listed under subsequent events.
Says who? The event you keep talking about was in the Q. Want me to post it again?
I doubt the words of a past puppet pumper will change my mind. Watch for a SS increase. Shareholders will pay a huge amount of the $9M in debt.
Well, you're wrong, the company has followed through on many things other than the MASSIVE DILUTION being screamed about.
That's not the correct answer? LMAO!!! Why? Because it's not your opinion?
the company has successfully followed thru on nothing
Completely false!
Not an iHub stock, LOL!! Selling assets won't pay off the $9M in debt here. Who's gonna pay the rest? The shareholders, most likely.
Well, let's see. There's gonna be revenue from PSS, there's still the $195,000+ that STLK is suing for. The CEO obviously has some cash too.
Nope, that's not what it means.
Selling company assets to pay debt? $9M in debt mind you. The CEO who used to be a puppet pumper spews garbage of acquisitions to pump the stock. $9M in debt and they're gonna do acquisitions? With what money? Oh wait, most likely they'll just add more notes and the shareholders can pay for it. Watch out below!!
Anybody that can read filings will also see it's 6 year old debt and 6 year old debt is not new.
I'll reply how I see fit. Please point out where the company lied about dilution. You can't because it's false and misleading.
Your quote
Financial freedom, what's that mean?
What's clear as day is it's 6 YEAR OLD DEBT!!!! The proof hjas been provided to you. As I said, try to convince somebody else that 6 year old debt is new.
The factual reality is it's old debt. Try and convince someone else that 6 year old debt is new. Anybody with half a brain will disagree with you.
The company also said PSS would aid in the company's financial freedom. You understand what that means right?
It doesn't matter or there's no proof the company lied?
I assume the latter.
They didn't add any new notes. We've been over this a hundred times, it's debt that is owed to Tarpon from 2008. Shall I pull up the filings and show you AGAIN!?!?!?
Where did the company "lie" and say they weren't going to have dilution?
As of June 30, 2014 and December 31, 2013 the Company had accounts payable due to board members and companies owned by board members of $399,386 and $324,252. During the period April 8, 2010 through June 30, 2014, management and board members have been loaning money to the Company, paying expenses on behalf of the Company and deferring consulting fees.
No, it wasn't a lie. Are you kidding me? They're required by law to do so because of the settlement with Tarpon.
They don't plan on paying off all the debt with shares. Here, read it again....
Over the balance of 2014, PSS should begin to generate revenue, will continue to add Dealers, and feels comfortable with its goal to gain financial independence
Speculation, because you don't know what people bought. Pure speculation.
You said...
"The debt was discussed and the company will move forward on the debt conversion at the shareholders expense"
and it's completely false. Just more misleading information.
Did you not read where the company said that PhoneSuite will aid in it's financial freedom?
You don't know this for a fact. Just more speculation.
One other thing, the BOD hasn't taken out any pay for themselves.
debt conversion at the shareholders expense.
And WRONG AGAIN!!!
From the shareholder update...
Over the balance of 2014, PSS should begin to generate revenue, will continue to add Dealers, and feels comfortable with its goal to gain financial independence
It was mentioned in the last Q, you're looking at the wrong part...
The Company has recently added the sale and distribution of PBX equipment (VoIP technology) to its original focus in the development of renewable energy projects. As a result our business is the sales and distribution of VoIP PBXs under the brand name PhoneSuite
http://www.sec.gov/Archives/edgar/data/1569055/000149315214002670/form10qa.htm
No, that's what the 8-K was for... http://www.sec.gov/Archives/edgar/data/1569055/000149315214002086/form8k.htm
As it was reported in the last Q, the PPA is in it's final stages. You may have missed that too.
Well, since they just signed the deal in the middle of last month it won't show anything on the last Q.
I didn't see anything in their filings.
Of course you didn't.
The Company has recently added the sale and distribution of PBX equipment (VoIP technology) to its original focus in the development of renewable energy projects. As a result our business is the sales and distribution of VoIP PBXs under the brand name PhoneSuite.
http://www.sec.gov/Archives/edgar/data/1569055/000149315214002670/form10qa.htm