Poet, he is paying those loans with our shares as a PIK and those loans are preferred so that any $$ this company might get in a buyout (never going to happen) or a lawsuit win (almost certainly won't happen) would go to the note holders. That is why this will be forever a .0001 stock. $12 million in preferred debt with an insolvent company means shares are now and will always be worthless. Shares are a mechanism to keep the lights on and nothing else. when they get back up to 5 billion issued sometime early next year they will just reverse split again and do it all over. there is nothing legitimate about this company. and by the way, they announced this Apple product months ago. This is a smoke screen. I wonder why they did not do a Q2 webex? maybe because they cannot keep stating that they think they will still do $1.4 million in revenue???
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