What debt? How can a company that doesn't have anything have any debt?
In regards to their last news release. Who would lend a company, that doesn't have anything and has debt, $900,000
These announcements are worthless until the company makes it's books available to the investors.
To Vance: Essentially they have issued MORE stock to people that the company owes money to. This will have the effect of reducing the share price. Here is a link describing Rule 144: http://invest-faq.com/articles/regul-sec-144.html