OK just call me simple minded. i look at this as if i we're to buy a house, x amount, go thru escro, i get the house. someone else then comes up and says hey i have a lean/bill due from this house. too bad you either didn't declare it or the escro company didn't uncover it. i don't have to now go back and pay the stinkin dept.
I can't believe Tom didn't know what was in this deal. I think there must be something of value we're not seeing through taking on "this" shell.
it means that if tom is just helping out a friend. that the loan amount is/will be converted into 498 million shares and sold to me and you for say .015 average (probably close to double that) or $7 million 470 thousand dollars conservatively. if this is the case Tom is NOT shareholder friendly in any way and i will be looking into non-discloser issues or what ever else i can come up with.
hopefully there is a reasonable explination for this.
making retail investors pay out 7 to 14 million to cover a 1/2 million dept. is simply unexceptable to me. i may have to spend a little time on this--as you can tell, i'm not real happy. If our leading people can get us into this sort of dumb debt who knows what else they might do.
wasn't there fault, they didn't know, what the he double hocky sticks does that frigen mean. this is enough capital to pay off all the damm stores and put in 10 more and have then paid off also---then we could really turn a profit and pps would respond.
we are dead until this is cleared off the books no-one will touch this except those who don't know and i guess there plenty of those out there.
i'm long as of now, mostly becouse upside down so far and gambling that there is something we can't see. b
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