I am not speaking on NNAN as a company just on this one filing.
This is quite a normal pre-IPO or pre-buyout strategy or pre-revenue growth strategy for executives to do, at least, in private companies. The executives self-finance in return for stock. The fact that a member would loan money against stock is a good sign not a bad sign. It appears he feels the stock is worth more than the cash.
I have witness many private companies do this and in each case the company either made a significant profit or was bought out. Either, the company is internally expected to generate revenue or there is something untoward occurring. It is just in public companies you can not directly inject money.
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