When they did the deal with the devil, they had to accept less than favorable terms.....$12M with a 30% annual premium. Now it is $15M which is due Feb. 21, 2015. But once it is renegotiated or paid, the stock should take off. Here is a line from the 10Q:
We believe that the reduction or elimination of the Debt will positively impact the value of the Business and significantly enhance its prospects going forward.
It's certainly a legitimate theory and implies that management is in cahoots with major shareholders. That may well be true, but I rather think that if the financials are for real that the major shareholders and management would be far better served by 500%+ gains which they could quickly achieve with an uplisting.
A year ago the plan to uplist was directly stated in the financial filings, but since then it's been removed. Very mysterious - something shady is going on, imho.