Australian deal had PLN as a 3rd party contractor

Australian deal had PLN as a 3rd party contractor for filling/packaging. From what I recall - there was an issue with packaging/labeling and the entire load was rejected before Australian partner took possession. This led to a back and forth with PLN and HJOE over who was going to pay/absorb the cost for that failed batch/shipment. It was labeled for Australian market so it couldnt be sold elsewhere and since it was mislabeled/faulty - the cost would have been prohibitive regardless. HJOE was going load to load back then on cash flow and PLN had them leveraged so HJOE had no ability to fight back. They had to continue filling orders and they had to go the convertible debt route. They were ill equipped/unaware of the pitfalls there and we ended up where we are today.

To fill in the details/blanks - give the company a call. As a shareholder, the better gou understand the chain of events- the more confidence it sbould provide going forward.

Long story short - convertible debt lenders DO NOT want you to pay loans off. They make MUCH more putting a stock into a death spiral. Newbies are easily taken advantage of. Helps explain personal animosity towards them.