They converted debt of $8.4 Million to common shares, the liabilities are still there just in another form, add that to the 5.3 Million and there is $14 million owed. They cannot pay their debts owed, so they convert it to shares.
The business is not better than what it was in 2016, it is in FACT worse than the last filed 10K provided years ago.
They are no longer filing and have gone deliquent, 60 days to be exact.
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