Sack Lunch Productions Inc (SAKL)

[benosufan]

Anything is possible in the OTC....crazy stuff happens all the time. But that TCA funding agreement was terrible and I posted about it when Surber first announced the details of that funding agreement. SAKL paid $425,000 fee to draw 1.8 million to pay off the debts from the intial acquisition of these events. Of course SAKL wasn't able to pay on the loan and SAKL went into default. There was revenue generated but never enough to cover expenses. It's a death spiral that is near impossible to escape for start up company. All the while Surber is paying himself something like $250,000/yr and others a nice salary as the share price tumbled due to convertibles/dilution. Only thing left to do was a RS and here is SAKL again ready to go subpenny less than 6 months from the RS. Market cap is not even something I would consider here due to the toxic debt. It's clear every time the OS/Float increases those shares are just getting dumped.