Replies to post #13265 on Netcapital Inc (NCPL)

[solong]

Let's begin with some facts:

they did NOT eliminate MOST of their debt, from the Q:

In April of last year they had $1,857,790

By November 1st of 2017 they had $1,354,787

By February 1st of 2018 they had $1,337,227 (according to the Q)

To suggest that is "most" of their debt seems a little disingenuous?

"most" suggests that they eliminated that majority and that simply is not the case.

[solong]

As you rightfully noted:

""Although we are not yet profitable on an operating basis and we are not generating cash from operations"

and then, as you noted:

"we believe we have short-term financing available from our largest shareholder to fund our monthly cash-flow deficit"

and how do they pay him back? preferred? stock? warrants?