If the promissory note(s) had been paid off, then that cash should have been included on the balance/income sheets. Correct balance/income sheets are supposed to show the exact detail of a company's finances. Because there were no accompanying information sheets with the Q1 financials, we can't tell where many of the items on the balance/income sheets came from.
The Q1 financial statements don't tell the whole story. It contains as the company says, "Limited Information." Neither will the Q2 financial statements be complete because they will be limited too, according to HCPC's web site.
Also, if the company had received $682 million in cash from the payment of promissory note(s), the company would be shouting it from the rooftops, screaming it as loud as they could. That would mean the company would have $682 million in cash and the PPS would be sitting much higher than .0001.
Not once have I ever heard of or seen a penny stock sell $682 million in preferred shares where they actually collected cash from the sale. But HCPC is different, huh? LOL !
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