They reported the funding in an 8K, just not the details. The amount of disclosure a company releases on the OTC is up to the company. All they told anyone was 3 year credit line, $2.5 mil in $250k trenches. No Idea on terms, repayment schedule, interest rates, penalties, asset backed or stock issued for funding. But VC's always take ownership in a company for funding. Banks evaluate assets and repayment ability based on financial performance. This is not a bank loan, but VC funding.
Actually they didn't have to tell anyone of debit conversions in an 8k. All they really need to do is up date OS in Q filings.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.