Listermann blames everything negative on the toxic funders and now the TA - he claims he didn’t understand toxic funding, yet back in the 2013 disclosure it shows he had a pretty good grip on convertible funding:
Throughout the twelve months ended December 31, 2013, the Company entered in a number of notes payable with various parties totaling $83,880. All of the notes have no defined terms and are repayable on demand and carry no interest. Management is currently in discussions to convert these notes into equity at suitable conversion terms.
Debt Schedule:
As of December 31, 2013 we had (taking into consideration the calculation of debt discounts) $83,880 of total principal owed under convertible promissory notes.
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