From the recent 10q
""Related Party Shareholder Loan
The Company had a note due the largest shareholder of the Company. This note was unsecured, had a maturity date of December 31, 2016 and carried a 1%
interest rate. On January 1, 2016, the Note was converted to Series B, 10% cumulative preferred stock and the note was cancelled. The total converted debt was
$2,000,000. Total related party Series B preferred stock outstanding at March 31, 2017 and December 31, 2016 was $2,000,000. Total related party accrued
dividends at March 31, 2017 and December 31, 2016 were $250,000 and $200,000 respectively.""
Still searching for drawbacks...I'm particularly interested in finding out what VFIN is up to...he hasn't seemed very active
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