InvestorsHub Logo
Followers 400
Posts 48613
Boards Moderated 0
Alias Born 06/20/2011

Re: john12341 post# 140656

Friday, 12/15/2017 3:00:16 PM

Friday, December 15, 2017 3:00:16 PM

Post# of 183214
The company sold convertible notes to pay off TCA. The reason they did that was because Tom was on the hook for them himself (they insisted he be “validity guarantor” since Bvtk has no meaningful assets). TCA’s note was NOT convertible and BVTK had to pay off in cash.

So they stuck common shareholders with the cost using $0.0005 convertible notes.