It doesn’t state “past due” in those PRs. Like I said, the wording is/was misleading. That’s not to say it was a lie, but I highly doubt that they intended for it to be clear. Most shareholders were under the impression that the company eliminated all of their toxic debt.
Also, if we take into consideration the dispute with BNA Investment Capital and TRA Capital, there are $223K worth of past due notes that could convert into equity if a judgment is made in favor of the plaintiffs.