Replies to post #59452 on Bantek Inc (BANT)

[CyberCall™]

.....and despite the Grammatical error in the PR, because I too make mistakes all the time with mine....lol. It also sounded to me like we have NEW FUNDING coming in to work with TCA.

[horst]

There are indeed better terms for approximately $6M of DRUS's $15M of debt, but that was already PRed several months ago--it's not breaking news. The problem with the debt restructuring is that the $6M is secured by all of DRUS's assets, which is going to make it impossible to find nontoxic financing. That's why it's hard to be optimistic about this company - they don't have any means of escape from their debt other than dilution, and they're running out of shares, and that's why the AS is being increased to 6 billion shares from the current 1.5 billion. I really wish it were different and that everyone here was going to get filthy rich on this stock - and some did make a lot on the recent spike, but nothing in the PR addresses the $15M of debt combined with an unprofitable company, and how those two things can add up to anything but never-ending dilution.