But they will have to very soon as the company is over a million dollars in the hole (vs. only 1/10 of about that amount in 2017) for 2018. The remaining tranches are toxic turd. Have a look at some recent transactions, which don't seem to follow the 10% rule outlined in the escrow agreement:
On January 19, 2018, the Company issued 54,031,807 shares of its common stock to the Escrow Agent pursuant to the Amended Settlement Agreement.
On March 14, 2018, the Company issued 31,666,667 shares of its common stock to the Escrow Agent pursuant to the Amended Settlement Agreement.
On April 5, 2018, the Company issued 43,000,000 shares of its common stock to the Escrow Agent pursuant to the Amended Settlement Agreement.
On April 9, 2018, the Company issued 70,073,973 shares of its common stock to the Escrow Agent pursuant to the Amended Settlement Agreement.
On April 12, 2018, the Company issued 120,287,667 shares of its common stock to the Escrow Agent pursuant to the Amended Settlement Agreement.
I’m talking about the future. Rich will need bank loan. If he can’t get it, he’ll find a way to dilute or fold up and go bankrupt. Or he can get Sales up to $1M per qtr. what will happen, I don’t know.
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