U dumb what investment system doesn’t demand interest even if the company can’t pay it? That’s easy lawsuit money lol? It’s a reason why they never demanded interest
The new guy has the title of VP and listed as management at Resolution Rx. Contractor or not he is an executive that took on role knowing financials and accepted shares.
So BOD loaned 100k cash to a broke company and accepted warrant kickers. Some decision now on the illiquid EM. He better hope his stake in equity pays off.
Read the 8-k about institutional investor absorbing debt from former employee! Why would someone take on another’s debt at 0% of all things with a conversion feature. Some good that does on the EM!
There are warrants attached to more recent loans from CEO. Read closer
Preferred shares, payment events, etc all are incentives for landing big financing or opening purse strings..
Clearly alignment with equity positions is where the stakeholders are.
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