$9,495,853
Let that number sink in. That is the debt owed to Heddle, Heddle Marine, Askin, and Brain as of 3/31/18
It is still growing and is probably over or near $10,000,000
All directors of the company.
All with secured collateral of company assets for the debt.
Now what is the approximate value of 'the founders' supposed 3mm shares if he still holds them ?
$30,000
lol.......
Heddles holdings of shares might be worth even less than that.
At this point the collection of debt far, far outweighs any value of major shareholders....by percentages of 100's.
And all debt is directly related to a BOD who can do anything they want in order to collect without any shareholder input.
Simp!e question......
On the current price tag per processor.....how much of that would be available to pay the related $10,000,000 dollar debt if one is sold ?
$100,000 ?....$250,000 ?.....$500,000 ?
So how many processors need to be sold so the debt could be paid off ?.....even at $500,000 out of the $2mm asking price they need to sell over 20+ processors to ever get this company whole.....
And they can't sell one for over 5 years.
But the reality is that the price tag of one processor.....once manufacture, installation, salaries, setting aside revenue for future operations, etc.....is probably far lower than $500,000 left over to lower the debt.
They probably have to sell 30-40 processors at this point.... because the debt keeps growing with absurd interest rates.
It's a time factor.....Heddle, Askin, and Brain aren't just going to walk away from their money or let it languish forever when they specifically had a collateral clause put into the promissory note.
There is a tipping point of realization the notes will be unpayable even with a few sales.....and that is where this company is.
The numbers don't lie.
Let that number sink in. That is the debt owed to Heddle, Heddle Marine, Askin, and Brain as of 3/31/18
It is still growing and is probably over or near $10,000,000
All directors of the company.
All with secured collateral of company assets for the debt.
Now what is the approximate value of 'the founders' supposed 3mm shares if he still holds them ?
$30,000
lol.......
Heddles holdings of shares might be worth even less than that.
At this point the collection of debt far, far outweighs any value of major shareholders....by percentages of 100's.
And all debt is directly related to a BOD who can do anything they want in order to collect without any shareholder input.
Simp!e question......
On the current price tag per processor.....how much of that would be available to pay the related $10,000,000 dollar debt if one is sold ?
$100,000 ?....$250,000 ?.....$500,000 ?
So how many processors need to be sold so the debt could be paid off ?.....even at $500,000 out of the $2mm asking price they need to sell over 20+ processors to ever get this company whole.....
And they can't sell one for over 5 years.
But the reality is that the price tag of one processor.....once manufacture, installation, salaries, setting aside revenue for future operations, etc.....is probably far lower than $500,000 left over to lower the debt.
They probably have to sell 30-40 processors at this point.... because the debt keeps growing with absurd interest rates.
It's a time factor.....Heddle, Askin, and Brain aren't just going to walk away from their money or let it languish forever when they specifically had a collateral clause put into the promissory note.
There is a tipping point of realization the notes will be unpayable even with a few sales.....and that is where this company is.
The numbers don't lie.
