Its one thing to have debt when your actually doing business but when you have no cash,no product and no production planned that leaves no way to pay debt.
I tried to read between the lines fr the price Target u said of 5 cents to 25 cents. It's possible...
I would like to say that in month of June on Twitter they did drop hint that a big investor was interested in noho gold. It could very well be as I am saying all it takes one investor interested in product. All debt can be wiped out. I am sure if that's the case no one will hear a peep from Merskey. If I was Merskey I would drop a PR like a bomb only after production, distribution and profits being made.
Merskey is definitely working silently... He hasn't sold any of his shares so he has to push this company up to make some money.