Ooops. My compounding calculation only considered the "fee" and didn't also add in the interest rate, which was just increased to the "default" rate, so it is a little closer to loan shark rates than I posted. Sorry.
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You gotta stand back and look at the SEC and Sedar filings, hopefully with a sense of humor (and with genuine apologies to those who are still hurting) . . .:
Setting aside the PT Barnum aspect of the Glassware, etc., what we have here is a tragicom starring an, uh, gentleman, who led his company to a decade of consecutive quarterly losses, fell flat on his Snap server, whose Ultimus RAID was a financial disaster, and who just in the past month or so cashed in $5,000 in stock (showing how valuable he viewed the future of it), now agreeing to pony up somewhere around an additional half a million of what would be someone else's money to buy himself another two weeks of time to snooker his buddies into bailing out his sorry, uh, derriere, or, perhaps, ego, reputation, whatever.
A real knight in shining armor. I can't see why anyone wouldn't want to put their life savings in this stock. It's a sure thing!
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