Cannot find anything on Sabana Investments LLC. Yes, it was misleading to call this a 20% loan when it is actually 80%. I would sure like to know if Mak is the CEO of Sabana. This hints that they can no longer pay their bills with S-8 shares and that some are demanding cash for services. I was going to reenter below .03 but now looks like it will go sub-penny. GLTA longs.
I may be reading this wrong, but this doesn't look like an issuance of new shares, but rather an option to convert the unpaid loan amount to common stock on the open market. Am I wrong on this??