I agree Zadie, I only see one convertible note le
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Posted On: 05/07/2019 9:53:22 AM
I agree Zadie,
I only see one convertible note left, which is $25k, maturing July 2, 2019. The rest seem to have already been converted or are loans from SB. Hopefully the share price will be a lot higher by July and reduce the effects of the conversion.
During the 1st quarter (11/1/18 - 1/31/19) on the balance sheet the Due to Related Party increased by almost $500k, which shows SB's commitment to the company as he has been loaning the company money. I don't know if those are actual cash loans to the company or a loan in lieu of salary and bonus. Either way, he is committed and has a lot at stake in the success of the company.
This revised list of convertible debt is as of 1/31/19 so we don't know if there has been any additional convertible debt incurred since then. However, it doesn't seem to be as bad as some are making it out to be.
The Yield sign is down, the Private Label announcement is coming - hopefully good times ahead.
I only see one convertible note left, which is $25k, maturing July 2, 2019. The rest seem to have already been converted or are loans from SB. Hopefully the share price will be a lot higher by July and reduce the effects of the conversion.
During the 1st quarter (11/1/18 - 1/31/19) on the balance sheet the Due to Related Party increased by almost $500k, which shows SB's commitment to the company as he has been loaning the company money. I don't know if those are actual cash loans to the company or a loan in lieu of salary and bonus. Either way, he is committed and has a lot at stake in the success of the company.
This revised list of convertible debt is as of 1/31/19 so we don't know if there has been any additional convertible debt incurred since then. However, it doesn't seem to be as bad as some are making it out to be.
The Yield sign is down, the Private Label announcement is coming - hopefully good times ahead.
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