Thursday, March 09, 2017 9:57:46 AM
Last June they were approached by a toxic lender, Chase Financing, maybe the company considered it, maybe they didn't, maybe that lender tried to scam them, maybe not, but the bottom line is they didn't take that money and have stayed away toxic lending from day one.
It was a very, very rough summer and things were not looking good until they brought on Abe Summers a few weeks later. Then in less than a month, they were connected with Doheny and sold a share purchace agreement for I believe $600k which appears to have helped them catch up the summer bills and put a few more units on the road.
From there the Doheny loan materialize as a done deal in the last part of Oct and this next financial report will start to reflect the tremendous achievements they've accomplished since then.
Here's the link to the PR explaining what happened last June.
http://www.otcmarkets.com/stock/BDIC/news/BDIC-Approved-in-PA--Increase-in-Sales-of-Ignition-Interlock-Devices-Expected-From-New-DUI-Law-----Financing-Update?id=136996&b=y
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