StationDigital Corp. (fka SDIG)

[Arthur]

$78K of assets, $11.6M of liabilities.

NO REVENUES.

$1.3M net loss.

No wonder the CFO resigned.

SDIG is borrowing huge:

During 2015, the Company borrowed a total of $590,000 under four convertible senior secured notes.

And it is now defaulting on its loans:

Defaults on Convertible Promissory Notes

The company has issued 17 senior secured notes totaling $2,852,500 with issue dates ranging from June 30, 2014 to May 14, 2015. As of the date of this report, 12 of these notes with a face value of $2,187,500 and a book value of $1,685,161 are in default