dude - they expect a $13M Q1...$3M is not that much. If you are accusing me of being dumb, than I suppose Stu Barton is as well for accepting 80M Restricted shares (for 1 year) as partial payment of the SafeBus Tech acquisition. Who would take "worthless" shares ?
Same question for you about Stevens Family and Calvin Keys. Who accepts what will be worthless shares ?? They all did DD I'm sure
well, if your READ the disclosure closely - perhaps the sophisticated investor has something to do with it ;)...maybe he/she makes good on the convertibles for em.
Read Notes Payable section a few pages from the end of the disclosure, Who pays things down and accepts common shares for it ? HUH