yes they ceo told anyone that asked two noteholders would not sell the note to him. The shorted and converted that balance to the tune of 2.1 billion shares as of when the 10k was released.
I assume the statement below is false and you act like paying off 1.8 million with cash happens all the time in OTC.
Let us be a bit honest here.
"At December 31, 2015, the Company had cash on hand in the amount of $37,153. Subsequent to December 31, 2015, as part of the settlement of a litigation matter against an outside party, the Company received a payment of $4.9 million, net of legal fees, which will be was recorded as other income in the first quarter of 2016. In addition subsequent to December 31, 2015, the Company repaid approximately $1.8 million of convertible and notes payable principal and accrued interest, and converted approximately $247,000 of convertible notes and accrued interest into 2.1 billion shares of the Company's common stock. Management estimates that the current funds on hand will be sufficient to continue operations through the next twelve months."
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