Replies to post #5921 on Youngevity International Inc (fka YGYI)

[food4thought]

I had a feeling the preferred offering was a last ditch effort to use shareholder monies to fund operations, essentially kicking the can down the road. They’re probably using the preferred proceeds to pay the monthly interest due to the very money they borrowed, rather than utilizing it efficiently to scale and grow revenues to support that high interest payment.