loss of more than $2.7 million. MODS CAN WE STICKY THIS?!
By contrast, at the end of their most recent fiscal year, HPTG recorded about $278 thousand in revenues and a loss of more than $2.7 million.
The 8-K says that some of the company's older toxic notes have been canceled, but it also says that some new ones have been issued. Some more concrete information on these would be very helpful for investors and shareholders alike because the ones who have been following the company for long enough know that HPTG has had problems with toxic debt-induced dilution.
During the second and third quarter of this year for example, the company was forced to issue more than 166 million shares at an average price of $0.0016 in order to convert $280 thousand worth of debt. On September 30, the principal amount outstanding under the various notes was exceeded $1.4 million and on October 12, HPTG turned around $17 thousand of it into more than 33 million shares for a conversion rate of $0.0005 per share.
WOW That looks UGLY stay away from this toxic debt-induced dilution!!!!
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