Neutra Corporation (NTRR)

[Voices of Reason]

Lol - no....it means the company eliminates virtually all of the risk for the lender by giving fire sale discounts - here is the going rate of the deals being shoveled out by Sydney:

The notes bear an interest at 8% per year and is convertible into shares of common stock at a 39% discount to our lowest trading price over the preceding 15 days with a floor on the conversion price of $0.00005. The default interest rate is 22%.

All of this would be fine if Sydney was in fact investing in tangible assets to grow the company. The sad reality is that nearly $8 million in cash has been pissed away with nothing to show for it resulting in continued toxic dilution and shareholders being left with no value or hope of revenues.

If the private investors were in fact believing in the company, they would enter into similar deals as a private placement in exchange for a restriction hold for a reasonable period of time. Of course Sydney has never run a real public company before so this concept is probably foreign to him. Nor does he understand the concept of reinvesting in the company to develop real assets.