AI
Wednesday, July 03, 2019 12:20:25 PM
$TXHD has absolutely no ability to repay $200,000 in six months or even 12 months, much less $200,000 plus a percentage based on the time of redemption.
$TXHD ran out of cash. $TXHD's Quick Ratio was 0.054 as of 03/31/2019. This is why it sold 40,000 Series D Convertible Preferred Stock for $200,000 gross proceeds to itself.
Those 40,000 Series D Convertible Preferred Stock have a face value of $10 / share, so $400,000. Expensive money for an overpriced ticker with a book value of $0.0035.
https://www.otcmarkets.com/stock/TXHD/financials
https://www.otcmarkets.com/filing/html?id=13442966&guid=UjoxUFbSbJu4nth
The paradox of iHub: buy high, sell low
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