The management borrowed $68K with convertible debentures, (which were converted into dilutive shares at a discount), paid itself $68K in well-earned salaries, and ostensibly put back the money in the company, a move which increases the confidence of shareholders.
If they had just been paid their wages with PVSP shares, it would have looked like the company was too broke to pay them their (high) salary.
But if the company borrows the money, gives it to their officers, and they then give the money back to the company, that's a proof that the company will do well in the future !
Brilliant!
News 
Market Data 
Discover 
