Replies to post #28946 on Plandai Biotechnology Inc (PLPL)

[AKATITUS]

Didn't they pay down debt from 1.5 million to 800k

[Kool Aid Man]

I also see this--

NOTE 5 – NOTE PAYABLE TO RELATED PARTY

On December 31, 2015, the Company entered into a note payable with Dr. Giles Edward Duffield for $52,500 that matured fifteen months from the date of payment of Consideration. The note is subject to 15% interest annually. As of December 31, 2022, $43,500 of principal, and $48,143.50 of interest remains outstanding. The Company is currently in default on this note

So that's a debt of $92k that's still racking up interest. Any word on the status of that? Liabilities don't simply vanish because new management moves in.