He issues shares to his insider convertible debt noteholders like his barred broker buddy, Ray Kripaitis, who got another $5k note this quarter, and another $65,000 to Arthur Friedman. Not to mention the notes Goldberg has already issued, Goldy has a uber-long list of convertible noteholders. Everyone on his “advisory” committee is under notes payable as well lol. Goldberg does not give the rate of conversion, but typical is a discount to market of 50% or more.
Calder Capital Group, LLC and Gary Williams each got $30,000 in convertible notes.
If his bank would take shares, no doubt Goldberg would issue those as well since INOH is now showing a negative -$108 in cash and ce - they’ve been in the hole for months.
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