People hate on Jody for toxic debt.. Just want to point out that his debt is no more 'toxic' at the outset than the debt Gary has recently taken on.
The issue is.. If the shares can be bought at a discount to share price... and the price plummets... and there's dilution... then it becomes toxic by virtue of the result.
Gary has taken some notes recently that are not dissimilar from those taken 18/19 that turned a drop into a cascade.
The difference is... Jody was going off of projections and counting on money that wasn't here yet. Gary has solid revenues to pay off the notes without worrying about the spiral. My only point is... Jody was not a bad guy, his problem was optimism. Gary does not need the same level of optimism because we are going by 'results' now..... If the share price dropped to .0015 like it did this time last year, we'd be right back in the same boat.
While we do languish around a couple of pennies right now, we are not in position where this could drop enough to cause toxic dilution.
All in all, no point to this except that Jody was a good guy making the best decisions he could with the info he had at the time. Bad for the price last year, but good for those who bought in cheap. Also.. we didn't go under, we're still around...
Just sayin....
Happy new year everyone! l'chaim :)