Mas- Not familiar with the specific terms of the pre-Bolduc DMRJ loan, however, I understood a portion of that loan was guaranteed with revenue from the gov. of India win/order, which was held up by a protest by either S or M. Then, the price cratered to sub .10 cents and then I believe Bolduc made the loan arrangement which delivered the now infamous 8 cent share conversion for qtrly interest payment.
I think we all agree that DMRJ has to sell those shares as quickly as they can as IMSC's future was very dim,at best. At the time it had the QS-150 but with NO safety act certification so it could not be bought without lawsuit risk in the USA. It was NOT on any TSA approved list.
It was also shortly ( 12-18 months?) thereafter that CEO Bolduc brilliantly enlisted the aid of a key consultant, Doctor "House" McGann. His work is embodied in the B-220. The platform today that is working to dominate ETD as we know it thru tomorrow.
So at that time, the cap was : about 1.5M$, today the cap is about 65-70M$. Cash on hand then was zero ( actually less) and cash on hand now is a very large negative #. So we traded cap appreciation and platform development into 2 TSA certs. for debt accumulation. Stunning? Ah, no. Very typical of nano-cap, developmental companies, however, 98% of those companies FAIL while IMSC is till standing and exceeding all expectations. Thanks to Ceo Bolduc, Drs. Jones and McGann and of course the entire team that has proved their metal. IMO.
