They reported the funding in an 8K, just not the details. The amount of disclosure a company releases on the OTC is up to the company. All they told anyone was 3 year credit line, $2.5 mil in $250k trenches. No Idea on terms, repayment schedule, interest rates, penalties, asset backed or stock issued for funding. But VC's always take ownership in a company for funding. Banks evaluate assets and repayment ability based on financial performance. This is not a bank loan, but VC funding.
Actually they didn't have to tell anyone of debit conversions in an 8k. All they really need to do is up date OS in Q filings.
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