Good post. Not seeing anything amazing just because a Line of Credit that was due had the terms adjusted to pay it back. The fact is they had $2-3 million available and poorly executed a business plan, now shareholders are severely down and what the company told them was the R/S wasn't needed and then that it was to uplist, yet everything is back to square 1 without even availability on Amazon? The collateral requirement doesn't mean anything positive for the company. VCs on a mining stock I used to follow have the mine as collateral so that they get something back while the stock now sits at no bid, so they do it so they get back as much as possible what they were already owed. This is hardly new huge amounts of financing for the company, it's an existing outstanding debt being resolved so the creditor gets repaid based on thebcircumstances that came up when the entire thing was due and the company did not have revenue to pay it off.
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