It looks better, yes. What I was getting at is they didn't make any money by doing it. They did not use revenue to pay it off, they just had the shareholders pay it off. How damn hard is that to do? This is all assuming they indeed used shares to pay it off just like all the other notes that were "paid off." See there is a clear difference between having your "loyal shareholders" paying your bills and the company stepping up and actually paying their bills. I know we are in the startup phase so I understand a bit more responsibility on the shareholders, but management is making it very difficult to believe they are not taking FULL advantage of the shareholders. Also, this is all speculation as we have no verifiable proof that the notes have even been paid off. Probably due to the fact our management team will not address shareholders directly, but will spend time putting out some meaningless forward looking speculative statement.
Either way though, to answer your question: If debt is zero, it is a positive MOVING FORWARD for the company at this point in time. It would have been a huge negative though on shareholders when it happened (if sold shares to pay.) Also, if it did happen, I think we can put to bed the whole "shorter's are killing this stock" notion that some on this board have. I think the more knowledgeable shareholders that have done this for a longer time know that shorters played a very small role in PPS and our management was the biggest reason for the drop. Don't shoot the messenger, just understand the facts that management has given us and stop over riding those facts with speculation.
GLTA
AI
