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Thursday, March 10, 2022 4:21:56 PM
I mean it was kind of obvious with all the recent red flags and this toxic loan is just cherry on top...
This is how these OTC companies make money, they get a ''loan'' from some acquaintance of theirs with ridiculous terms so they can dilute the stock without it looking like the insiders are selling...
basically an inside job
I wouldn't be surprised since we have alrdy caught them insider trading with their last letter to investors (announcing R/S and more share gifting).
they fill their pockets leaving investors with nothing
Pretty sure this milly went right into their pockets...
And even if this is not the case, such deals are determinal to the shareholder value even if they were to use it for research and development... Awful terms for the loan when interest rates are at all time lows
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