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Friday, April 19, 2024 3:45:08 PM
This company isn't even close to being an "officially traded company" anymore. It will probably become Nancy Duitch LLC after the bankruptcy and it can't be traded anymore. When a company can't issue more shares - or - even get a loan through a financial institution and has to depend upon the founder's credit card
...
Oh well - BANKRUPTCY or MIRACLE.
The Agreement provides for a secured loan facility of up to $250,000, of which the Company borrowed an initial amount of $39,000 (the “Initial Principal Amount”) on January 4, 2024. The Agreement provides for the ability of the Company to request additional loan amounts up to $211,000 (the “Future Advances”), inclusive of the outstanding balances of certain credit cards (the “Cards”) used exclusively by the Company of which are issued in the name of the Executive.
NANCY DUITCH, LLC
![Bearish](/static/images/ih2-bear.png)
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