Indoor Harvest Corp (INQD)

[TenKay]

What started as $250K in financing has now become $204K in new convertible debt plus close to 2 million shares added to the float. And instead of going back to Rifici for more money he has gone back to Fireside for another note...on top of the one from Rifici.

There is no evidence that the advanced payment showed up from IGES (which is likely why he went to Fireside a second time) and as much as he hints at a good Q3, I suspect it won't be as good as some were hoping when he got the original notes in the first place.

All that he did was kick the can down the road for another 6 months. And I don't see anything that suggests his next six months are going to be any better than the last six...when these "contracts" were suppose to allow him to repay those original two notes.

He's on the toxic financing merry go round...and it is hard to get off.