Replies to post #177673 on DD Support Board and Research Team

[OMOLIVES]

You are forgetting one thing....they can only collect from the entity. Short term lenders get screwed more often than most realize. Let me show you this(as one example):

Note 4 – Going Concern



Our continuation as a going concern is dependent upon obtaining additional working capital to sustain our current status. As shown in the accompanying financial statements, the Company had an accumulated deficit of $16,194,831 at June 30, 2015. At present, Management does not have any pending, realistic, or even plausible plans to obtain additional financing from any source. The Company is essentially insolvent. The financial statements do not include any adjustments relating to the recoverability and classification of recorded assets, or the amounts of and classification of liabilities that might be necessary in the event the Company cannot continue in existence.

That was written by said short term lenders. Amazing language...eh? Look what they did in order to squeeze out as much money as they could given that they were losing their ass on this entity:

On December 7, 2015, the Company, Union Capital LLC, and Odyssey Research and Trading, LLC entered into an escrow agreement under which $34,500 of proceeds from the sale of the convertible notes issued on December 7, 2015 and referenced immediately above are being held by an escrow agent for the benefit of and distribution to several key creditors of the Company. These creditors agreed to complete tasks and services associated with the preparation and filing of the Company’s Quarterly Reports to the SEC on Form 10-Q for the three and six month periods ended June 30, 2015 and for the three and nine month periods ended September 30, 2015 in consideration of being paid for said services from the escrowed funds.

That is correct...they loaned enough money to said entity...wrote the reports...and became current so they could at least get some of their money back.

The convertible notes equated to $928,979. They may have netted $70,000 at best...after putting down roughly $34,000. I doubt that ..though. To be favorable...they collectively lost over $850,000 rough... :)

https://www.otcmarkets.com/filing/html?id=11070171&guid=FcUeUpWIveiZVyh