"Let me paint the picture. Yr one they did about a million so they owed $50k not $300k in interest only with a debt balance still $2.5 million. Yr two about $2 million in revenue so they owed $100k not $300k in interest and still $2.5 million in debt. Yr four about $5 million and they owed $250k not $300k in interest and still a debt of $2.5 million. Had they not exchanged debt for 5% after 4 yrs they would still owe $2.5 million and would have had to pay $1.2 million in interest instead of about $600k in 5% money and no debt. In the early yrs they saved a ton of money and didn't have the debt hanging over their heads. You can continue and see it was a shrewd move on their part."
A shrewd move? Really? What other choice did they have? 12.6M in accumulated deficits! Please post links for your numbers.
Can you paint the picture clearer for those involved here and share the PPS that 506 investors and insiders have gotten their shares? Being a NO INFO company makes GPSI facts hard to come by for important information such as this.
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