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Post# of 66165
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dcsteve

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dcsteve

Re: difumetti post# 12141

Tuesday, 05/19/2015 9:19:08 PM

Tuesday, May 19, 2015 9:19:08 PM

Post# of 66165
215k in notes left was clearly pr'd recently with the intention of paying it all off by the end of this quarter. What CEO that just increased revenues well beyond the 2m annually to over 15-20m just with the china deal does that? Today was enough fundraising to payoff that 215k.


"All of the debt conversions have resulted in a significant reduction in the Company's debt in our 1st quarter of $585,000. We believe that by the end of the 2nd quarter, we will have reduced our debt burden in convertible notes by 100% and will have reduced our debt by $800,000. As a result of the Company's growth, going forward we believe that we can cease the use of convertible debt financing to fund our operations and expansion."
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