Propellus Inc (PRPS)

[EastCoastCdn]

The company should file a 10-Q/A.
It is confusing and misleading. Although in this case it appears worse than it really is.

I don't think they are borrowing from the death spiral financiers at the moment but the officers keeps loaning the company money. It looks like the Capflow debt is getting high as well.
They still have debt and it is growing.
They also owe a Bank money and contractors as well.

EDIT
Even with 20K worth of debt remaining to the toxic financiers the Authorized will have to be increased. 9 Million will not be enough.