That's just wrong, who would put the company in just dire straits to have to take a loan at just a high rate? that has to be a loan from his cronies or something of the sort, so he can a kick back...
at this rate. to pay back all these loans this CEO will have to issue tens of millions of shares diluting our shares another 50%...Had he done this in the .40s and .30s it wouldn't have hurt so much..
For the next 10Q....how many shares will it take to convert just this one loan at this low SP plus a 65% discount??
"On September 8, 2015, the Company issued a convertible note in the principal amount of $326,087"
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