Advantego Corporation (ADGO)

[Digrdoug]

Does anybody read the filings for this Turd????

“The guarantors of this note, who were also note holders on some of Golden Eagle's other debt, requested the grant of some additional shares from Golden Eagle as consideration for their ongoing guarantees on the Texas bank loan and in exchange for extending the due dates of their notes so that we remained current in all of our obligations with them. After negotiations on the subject during the first quarter of 2002, we agreed to issue to these guarantors and note holders four million shares of our restricted common stock. As a result of paying this compensation to these trusts and individuals, they continued to guarantee our Texas bank loan and extensions were granted on the due dates on our notes with these trusts and individuals through April of 2003.”


The mutts think the shares are worth 25 cents but the company gives away a million dollars worth of shares for the guarantee of a million dollar loan, after the guarantors got 25 million shares already!!

The moronosity of it all!!!