NEVER benefits the common shareholder. Triple 0 penny stocks have only one avenue for financing: stock sales and convertible toxic notes. Extreme dilution always accompanies pennystock financing
Consider that IMDS has $5 million in current liabilities and has over $1 million in Federal Tax liens. They are by no means creditworthy.
That grapevine is wrong. I don't doubt IMDS is in talks with lenders, but I can guarantee they aren't competing in a good way. It more of the lessor of the evils, on who's offering the best deal on horrid toxic conversion terms.
IMDS will not get non-toxic financing. I imagine Southridge is close to cutting off funding, if the havent already.
That grapevine is wrong. I don't doubt IMDS is in talks with lenders, but I can guarantee they aren't competing in a good way. It more of the lessor of the evils, on who's offering the best deal on horrid toxic conversion terms.
IMDS will not get non-toxic financing. I imagine Southridge is close to cutting off funding, if the havent already.