Replies to post #23384 on Smoky Market Foods, Inc. (fka SMKY)

[cyberbullymouse]

Excellent question and assessment.

[decouverte d Elbe]

nearly all the convertible debt is money owed to the LLC, the group of mostly original investors in the company
The company needs to get the stock price up to .15, and then .50 for 30 days, I believe, for these investors to be repaid by exercising warrants. There's some small amount of convertible debt, still owed to Asher, but they have an agreement not to convert it for 3+ years, at 0% interest. I believe that is around $60,000 from the preceding filings.
That's my understanding of the debt, though I'm sure you can call the company, and get an honest, and accurate response.
Much of the accumulated deficit is money that company executives loaned to the company, and some is in deferred salaries.
The company is reading to go, with the production/inventory agreement in place with Mary Anns. Now we look forward to hearing about some business deals take place, to bring in a strong revenue flow.

[frontloading]

Smky has released guidance for several profitable acquisitions..I anticipate the M&A team will consider smky debt and take adavantage best it can incorporating smky tax loss in financials..time tells.

[decouverte d Elbe]

Three long-time shareholders informed me that my understanding, or opinion on this is inaccurate.
So I'm not qualified enough to answer this, and retract my last statements, and won't post answers to these type of questions again here. Please refer your questions to someone more qualified to give an answer.