Well, lets realize that 29 million is Retained Earnings (loss), "accounting". As of 3rd Q we had 13.543 million in debt owed, in other words "come up with the money" debt that Dalton could take out when we have the cash. Doc took some more stock and forgave some of that debt in the 4th Q.
I still can't figure out that $64,000 but doc said HE has not sold shares.
I am very happy doc owns over 50%, he has a lot to gain with a merger, and I like he took a little more recently. Realize he could have taken a LOT of shares if he wanted to and forgiven even more debt but that would be a lot of dilution, hurting himself in the long run.
I still can't figure out that $64,000 but doc said HE has not sold shares.
I am very happy doc owns over 50%, he has a lot to gain with a merger, and I like he took a little more recently. Realize he could have taken a LOT of shares if he wanted to and forgiven even more debt but that would be a lot of dilution, hurting himself in the long run.
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