There you go... re"So it looks to me like only 105,000 has been paid to 183,650 plus interest"
Summit is more than likely a friendly lender and won't ask to be repaid yet for the loan... Now, you seem to have forgotten this part...
The Company is looking for additional short-term financing with a payback window of 6 months that it can access prior to effectiveness of the registration statement relating to the shares issuable in connection with the investment agreement. The Company expects to repay the short-term loans with proceeds from the sale of common stock pursuant to the investment agreement. These short-term instruments will allow the Company to begin accelerated marketing efforts immediately.
So they get some more short term loans, pay back the CONVERTIBLES as they come due with CASH, accelerate the marketing efforts, dilution is way way slowed, and the business rapidly grows, and the new loans are paid back with PROFITS..
I understand how this works now.... GLTY
Follow me to weed and drug stock winners - GLTA
