I submitted a post regarding the same snippet from the latest quarterly:
My points were this:
$10,575 due by December 31, 2015.
How are these minor debts repaid? Cash? Preferred stock?
Just wondering if the presence of BMAK has anything to do with this due date?
A very minor point, as $10,575 really is nothing. Also, the company repaid the CEO with shares at her request, that is very bullish.
I'm novice when it comes to my comprehension of repayment of these small loans but I assume preferred stocks could be used to settle the debt. If I am mistaken in this instance, please educate me.
Bullish and slapped the ask :)
