That seems like a huge leap for a conclusion; especially since only one person has claimed to not receive an order, but with no verification of the vendor. Large debt at this point is not unreasonable if product is being placed. SOLD is another matter, but the 10K clearly shows an increase in sales- a very large increase. The 10K also clearly states that revenue is negligible despite the increase, which is also true when compared as a ratio to debt. There simply wasn't enough even with a 6 fold increase to make a meaningful dent in debt (assuming a hefty 20% margin on $500k the result is $100k). Revenue pays debt if you expect to keep any employees on board long enough to actually run a company. It seems to me the notes and conversions are paying people while we wait and see if they are actually doing their jobs and generating revenue. So far so good. If the next report shows a paltry increase in revenue, then folks are not doing their jobs properly and things look bad. Conversely, if there is a substantial increase in revenue, but no discussion or demonstration of paying off debt things look equally bad. Either way you may THEN have a case- especially if we continue to see similar trends in debt increases. I think it's too early to conclude shady practices like a "shell game". This is the make or break point for ATTD, which is ultimately why I didn't get out earlier. Things are going to look bad now. That's just the way it is, but I think it's worth the gamble.
