WW, read the disclosures - seems that all of the small loans were repaid, several convertible notes have already been paid without conversions, and over $200K of debt has been taken off the books on top of that.
And you are very right - for debt, notes, etc...to take stock instead of cash ALWAYS helps a company no matter what anyone else here feels, especially a cash strapped company like this. Also, for a company CEO to take stock instead of cash salary is VERY BULLISH, because it will give that CEO more incentive to make the company more successful. So you are right.
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