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TenKay

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TenKay

Re: Bionic Man post# 93373

Wednesday, 08/02/2017 7:29:46 AM

Wednesday, August 02, 2017 7:29:46 AM

Post# of 183214
They "paid off" TCA buy issuing MORE convertible debt...at worse terms than the debt they were paying off. And the only reason they did it is because Tom was a "validity guarantor". Their overall convertible debt increased by $400K in the last year. Sure they are paying some off....but they are adding even more right behind it.

Tom's talk of "debt reduction" was completely one sided....until he had to disclose the new debt in the 10K.
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