Friday, August 15, 2014 10:17:38 AM
One of the biggest gripes on this board is the toxic debt structure and putting an end to it once it and for all. With the note that now exists with Illiad I think Berge has some explaining to do and also to allow the shareholders to know the terms of that note. $314k is not chump change and at present he doesn't have the share structure to support it if Illiad converts it to common stock.
The numbers are down, but he has addressed the debt situation in some manner, and he has lowered the debt the company owes him which means he paid himself back for lending the company money.
Its all right there in the financials.
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