zgoldies2, you have no idea what you are talking about. Jay didn't borrow 'an additional +$1MM from Cornell' and he has plenty of funds to meet the payroll.
MOBL issued a promissory note to Cornell Capital in the principal amount of $1,100,000.
Here is one definition for you: A promissory note is a contract detailing the terms of a promise by one party (the maker) to pay a sum of money to the other (the payee). The obligation may arise from the repayment of a loan or from another form of debt.
"Perhaps we should have a list of companies that the rule of law does not protect," said Patrick Byrne, Overstock chairman and CEO. "Oh wait -- we already do! It's called, 'the SEC's Regulation SHO threshold list'."