Service Team Inc (SVTE)

[winmeny]

Hi modes948,

I guess I don't understand your logic. If the shares are already worthless, why would the lenders buy notes from the company knowing their shares will have zero value one year from now when the notes are due to convert?

Put yourself in the lenders' shoes, would you invest your money into a worthless stock? Likewise, put yourself in the company's shoes, would you be able find the investors to sell your convertible notes to if your stock worth zero in value?

Unlike 99% of the companies in the OTC, STVE is no longer a start-up company needing toxic financing to fund their operations. SVTE is now rather a growth stage company with both profitable and cash flow positive. Therefore, the CEO will need to stop, if not already, this kind of toxic financing to attract new investors and bring the share price to its true valuation. We will find out in the next filing in due time.

They are not stupid to stop this type of funding.Why should they?What do they have to lose from now on?
Their shares are already worth nothing.It is more important for them to keep the business going so that they and their employees have a job.