So how does reducing interest payments significantly reduce their debt? And what about the $60,000-? Who was that to and how was it restructured? Only way to know is a filing, why they didn't say in the press release just creates more questions...
The way I see it is the company - Pacific Sands - negotiated a soft landing. The owed to company, simply opted to hold off payment for a better than current interest rate to see what happens in the futrure.
Remember that the sucess of the company impacts the sellers in that if the pps is up - up than their returns are also up. All are rooting on a sucess of the pps.
With the current structure - looks to me like there is a real chance to move forward with gusto!
Lets all look forward to news in the comming weeks. some could be awsome.
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