SB put it out in a tweet which I think he later de
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Posted On: 09/16/2019 4:44:02 PM
SB put it out in a tweet which I think he later deleted.
I know that somebody will go back and find that screenshot or maybe later i'll go back and search my posts.
The $64,000 question is why SB, after "loaning" the company hundreds of thousands of dollars of his own money each quarter keeps deciding to take out $45K or higher convertible loans with the Canouse entities each quarter.
Wouldn't it be more beneficial for shareholders if SB just "loaned" the company a little more money rather go to the loan sharks? His 5% loan is much better terms than having to pay back the loan in shares. Except for the fact that it's cashless to him if he pays it back in shares. Only the common shareholders are affected. Not the fellow who surrendered 1.4 billion shares in common and only has 1 million shares left.
So did SB actually "loan" money to the company and what was it used for? He refuses to disclose.
Quote:
The 30 mil listed in the OTC filing is under his name. Show me an OTC or SEC document where the 30 mil preferred belongs to Tim Owens
I know that somebody will go back and find that screenshot or maybe later i'll go back and search my posts.
The $64,000 question is why SB, after "loaning" the company hundreds of thousands of dollars of his own money each quarter keeps deciding to take out $45K or higher convertible loans with the Canouse entities each quarter.
Wouldn't it be more beneficial for shareholders if SB just "loaned" the company a little more money rather go to the loan sharks? His 5% loan is much better terms than having to pay back the loan in shares. Except for the fact that it's cashless to him if he pays it back in shares. Only the common shareholders are affected. Not the fellow who surrendered 1.4 billion shares in common and only has 1 million shares left.
So did SB actually "loan" money to the company and what was it used for? He refuses to disclose.
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