Avitar, Inc. (AVTI)

[k_trader]

He borrowed from the same lender to pay interest on notes that was due. That's the same as borrowing from your bank to pay your mortgage that you owe the same bank, the debt increases, and will catch up at some point.

Actually the debt existed long before he came along. That is not saying the debt does not exist, just part of the company before he took it over.

I believe he is trying to make the company profitable, not to say he will succeed but from all observations it appears that he is doing his job, just slower than anticipated.