Bitzio, Inc. (fka BTZO)

[Arthur]

You forget TCA Global.

The debt covenants with TCA Global Credit Master Fund do not allow any asset sale, or bizarre reverse asset repurchase, as long the $2,900,000 loan is not repaid in full. Plus the tidy $3,200,000 "Advisory fee", of course.

Anyhow, any and all of BTZO and GERS revenues go into a "lock box" account controlled by TCA Global. So GERS doesn't have any money to play with.