Such an inaccurate post by LoanRanger
1) revenue
The Company has reported revenue - certainly the Company has disclosed revenue was generated During March 2019. From several sources (orders from E-Commerce, mail order, a large distributor order, and physician order(s)). That is basically verbatim from a recent press release
2) tiny private placement
The Company states in 8-K - during Late February 2019 (when Stock Traded between 6-8 cents) this placement was commenced. Also that the company turned down a lot of money (and really only accepted money from value added investors)
3) Note Repayment and Retirement
LoanRanger states that the Company could have waited 12 months and paid cash + 8% interest. This is hogwash. The Company would also have to pay large pre payment penalty if it waited 12 months. The company tried to pay cash -the approx $78,000 - but as disclosed in 8K), Note holder has CONTRACTUAL RIGHT to covert into Restricted Shares (and exercised that right). It’s actually pretty rare to see that Happen and it’s a relatively small number of shares (approx 1,300,000 that are restricted for a long time)
4) Notes can be far less dilutive that private placements. If the company executes well with the money and share price appreciates
