Please! RGBP was FORCED by the contract terms to declare default and pay the debt with shares. There is ZERO confidence. They are legally bound to pay in shares because this POS does not have the cash to do so!
To me this is the preferred way of paying the debt, since it impact shareholders through dilution, lowering the share price! In other words, shareholders footing the bill for Kooz's personal expenses! Nice to see!
Read the filings! The debt terms are clearly stated there, AND I posted about them in DETAIL here, BEFORE the default! That may be the best reference! Check my informative, correct, posts! ;-)
As Sid says, Facts are stubborn things! Confidence? LOL!!!!!
RGBP down 95% since Labor Day! Doesn't seem like too many shareholders are buying this "confidence"!
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