I would bet that The shareholders would be more upset
If the stock were at $0 today with no hope for future success
So let's try to be fair and honest on this Board
also, the conversion price was well above $0.0005 (Remeber - this Note is interest bearing with OID)
$45,000 Face Value, could mean approx. $50,000 in actuality (6+ months later)
Maybe those were the best terms the Company could get back in April 2017. and maybe without that financing at that time, the Company would have been way worse off today
I guess my question is: what would you have done differently???? tell us please
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.