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Audiboy12

05/20/20 7:31 AM

#14370 RE: madcabbage #14365

Agreed.. if they have all these revs making money hand over fist why seek a bad loan deal for 5mil vs paying cash . There’s a lot of hype on this one for some reason but something isn’t sitting right with me
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TJG

05/20/20 8:50 AM

#14399 RE: madcabbage #14365

Fist off you need to understand how convertible debt works on a time frame basis. Convertible debt is done 6 months in advance of when its sold back into the market.

All the shares in a convertible debt deal are Restricted and must be held for 6 months before they can be converted... 6 months ago when that deal was done they did not have those types of Revenue...they need the money in order to build the company into a revenue making machine.

What your asking is like saying to the guy who owns a McDonald's...hey your McDonald's is making $2,000,000,000 a month why did you go to the bank to buy the franchise. Answer is simple, you need the money from somewhere before you can make the money from somewhere else.

A start up company can go to the bank, like the guy getting the McDonald's can...the start up has to go to the "Loan Shark" or the Convertible Debt lender. Just so happens our company has turned that loan into a multi million dollar jack pot...something very, very few OTC companys achieve...most OTC companys just keep going back for more money creating even more dilution.