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Re: JerryCampbell post# 347964

Friday, 01/15/2021 3:46:46 PM

Friday, January 15, 2021 3:46:46 PM

Post# of 701355
These circumstances typically have other internal controls and oversight. There can’t be an automatic repayment when the fund’s are not there just because she is CEO, and they can’t ignore that they defaulted on that loan either.

You can try to manipulate impressions anyway you want but none of that is necessarily unusual. I’ve seen other tiny companies where executives and board members lent money, and then it was converted to options and warrants or rolled forward with equity sweeteners.

Most of these sorts of transactions are quite routine for tiny companies where persons involved have large resources. Typically their increased investment is not considered a “negative”.
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