No unfortunately that is not correct. Hpil is going after toxic lenders who were not registered with the SEC. These loans were in the form of convertible notes. These notes were issued BEFORE Steve Brown and his team took over HPIL. The SEC required lenders to be registered so they are in violation of SEC rules and regulations. Therefore never should have been allowed to lend. Kind of like predatory lending within the stock market. That’s to the best of my knowledge.
A little emotional your speech but it is just business mate. These debts were done irregularly, before SB came to HPIL. I know because I was holding this Zombie before SB arrived. From the business stand point, I see it as an excellent move. For the sake of your pockets (Assuming you are a share holder, of course) and mine
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