Capn, are you saying that if you were PLNI, that you would rather indebt yourself and pay interest on borrowings before you would issue more stock? Sorry, Capn, but that's not the way business goes.
When you have capital and wish to expand, or protect yourself from hostile takeover, or need long term capital equipment, it makes sense to borrow and pay the interest so you can use your own money for operations.
It makes no sense to borrow when you have no capital and expose yourself to timeframes for payments that you might not be able to meet and force you into bankruptcy.
No, the only intelligent move for PLNI would be to sell more equity and continue to try and grow. The current portion of their notes payable must be met this year. Would it be smart to borrow money to make payments to another financial lender. I don't think intelligent business works that way. Kindof like using your Mastercard to pay your Visa Card. You incur more debt without benefit.
Issuing stock gets you capital and has no timeframes.
So far, PLNI has met the initial start-up quarter without dilution. I think that some more dilution is enevitable unless JT has additional funds in his other companies that he is willing to transfer to PLNI.
Once again Capn, for what it's worth, this is just my opinion from my previous business experience.
