The problem for me is that his article is just based on info from the POTN filing, crook or not, 8% interest on a $1.8m loan is $144k which if paid with .003 stock is 48m of dilution per quarter. That .003 must adjust as he mentions or the company is getting ripped off.
That being said this is not new info. It's been in the public filing for 3 months. In that time the stock price is up not way down. Would really like to see the loan addendum in question.
I honestly don't know what to make of it. If you read my old posts it was one of the first questions I asked about the company a few months ago. It concerns me but also doesn't make sense....you'd use up all the remaining authorized shares in a few years just paying that interest. Maybe they have the option to pay interest in cash vs share conversion??? It does worry me a bit and has from the start, it may be what is holding the stock down but even if fully diluted at 1billion shares, it still puts the company valuation at $64 million which is very fair given that annualized revenue close to $20m, so dilution has never scared me too much.
News 
Market Data 
Discover 
