The total amount of convertible debt, not due until 2016, straight from the 10Q, coming due starting in Jan 2016 is only $130,000. The PR that so many have posted indicates that they have a local investor willing to buy this debt at levels above the share price from the date of the 10Q of August 19th (about .02 per share). You both keep bashing away, repeating on and on about the debt and how it is toxic and apparently believe you could do a much better job than the current CEO. Considering that so many much larger companies in this sector (commodities such as steel, met coal, etc) have had a terrible first half of the year, none of the setbacks should be even remotely a surprise, but rather the fact that they were able to increase their revenue sequentially in Q2 over Q1 by 35%, for such a small company, is rather remarkable. For instance, 4 met coal companies just recently went bankrupt in servicing the steel sector--they were multi-billion cap companies and now they are bankrupt. The CEO has done a great job just keeping this company out of bankruptcy. He is securing new deals this summer to diversify the revenue so it is less dependent on servicing the scrap steel/EAF steel production sector. The sector itself has bottomed and a recovery is on the way. And Compared to most other otc's out there, $130,000 in convertible debt, not due until the next year (and with an investor already willing to buy it out above last wed's market valuation) is extremely miniscule. Joesco thinks that a local recycler in New England has anything to do with what a company in South Korea is willing to pay for recycled oil--other nations have long-installed laws and incentives related to recycling that don't reflect the market for what they would receive in the US, for instance. Yes, the company has areas in which it needs to improve upon, and at some point I'm sure the CEO will plan to obtain a board of directors and a CFO. But that doesn't happen overnight--he is moving in that direction with these new deals that will eventually bring in millions in new revenue. Concrete recycling is a relatively high margin business--the partnership struck with the large multinational corporation SAH Global would not have been done, undoubtedly, if they believed that GNPT was anywhere near financial collapse. The company is based in Bahrain, so I don't think they would be wasting their time with a small company in Georgia if they didn't like what they had seen. Yes, the company has debt issues, but if things were as dire as you two are apparently attempt to make it sound, no companies in South Korea or Bahrain would be wasting their time securing deals with Asif. Again, compared to most OTC's out there which have millions more in liabilities than assets, little or no revenue annual revenue, 5, 10, to 20 times the amount of GNPT's convertible debt, millions more in shares in their float, O/S, and A/S, and yet sport multi-penny share prices, GNPT is ridiculously undervalued.
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