Creative Medical Technology Holdings Inc (CELZ)

[JBizzle703]

8K on 3 week long $107K note

I found that 8K to be interesting yesterday for a few reasons. First, I don't ever remember seeing them post an 8K whenever they have gotten a new loan/note. So, the question would be why would they post that, and also why would they post it right along with their 10-Q?

Secondly, why would you get a note for such a short period of time? The note was issued on the 8th and needs to be paid off on the 22nd.

Thirdly, why would you get a note that is not payable via equity, as they have with all their other notes, but must be paid with cash?

Lastly, a somewhat interesting provision, "The SPA contains a most favored nation provision and also requires the Company, within one business day after the closing of a transaction or series of transactions resulting in a capital raise of at least $100,000, to pay to the Lender 25% of the gross proceeds as payment toward the Note."

To me, this seems like a way of letting everyone know that cashflow is coming in. Why would they post about a note with terms like this, when they never have done so before, and why would they take a note with such a short period?

Am I completely wrong with this and they could just dilute stock to pay for this? Which if they were to do that, why put out a 8K on the note.