He has (and other posters here as well on his behalf) been offering to take investors loans very recently, so there is no way to say that couldn't be happening. The reason a company would "need" loans is because they need money, and if they "need" money, it is highly probable that there isn't enough sales to support even the most basic functioning day to day operations.
This is business 101, also, the worst nightmare scenario for any
penny stock shareholder" who has to watch their CEO beg for for loans (that apparently he cannot even pay back and continually needs to alter the terms)
Good Luck...the end is near.
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