I have raised this issue and my honest opinion is Maxim aka pride partners is using this note to cover their short position. There is a lot of inside dealing on this one.
Based on the 8k from last year maxim has final say over decisions and is a majority shareholder here so Bobby cannot single handedly take out a note without Maxims approval. They have supposedly funded LFAP to the tune of $1.1mill and somehow right before launch we are supposed to believe they had no choice but to get 100k at a 60% discount.
Add to the fact this is down 94% in 12 months obviously someone has been grinding this down for this long and look no further than the funding and when it is being issued for the culprit its is all done by design.
Here is the snapshot of the 8k I was talking about it does not take much to connect the dots here this is all Maxims aka pride partners doing.
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