Regarding the forthcoming financial, it’s going to be telling to see how much of the toxic debt was covered by the 300 million converted shares. My guess is between 200 to 250 thousand.
These are a couple other things I will look for:
1. Burn rate, how much they’re (he’s) spending.
2. How any revenue is accounted for.
3. The account payable note that is being carried for deferred compensation I think it’s probably going to be over 500 thousand.
4. There were 2 simple interest notes, couple hundred thousand, that were being carried that were in default. Those may have been “loans” to the company from the CEO. I’m wondering if that’s the debt that was bought out.
5. Any new toxic notes.