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Thursday, May 08, 2014 7:30:39 AM
One of the proposed participant lenders, quang Meredith , had loaned previously some short term monies to Peter personally and the Company on a promissory note, subsequently defaulted, and that is the subject of the Texas upcoming trial against Peter and Company.
The deal you mentioned has no affect on today's environment of record low PPS and record high of A/S.
The company's current dilution, lack of a realistic business plan, absentee part-time management, lack of revenues, years of unfulfilled forward looking statements, record low PPS , missed divys, judgement liens and pending lawsuits, ... Is the reason for current lack of investor interest.
Smart money has sold their interests and moved on to greener pastures.
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