SS, yes I understand how that ($128,405) interest
Post# of 45510
SS, yes I understand how that ($128,405) interest expenses was calculated; 8 % per annum plus 65 % discount off face value. You said you need to borrow about $40,000 a month just to run the company. So the financiers (friends) who loaned you $40,000 a month, can sell their stocks at 65 % profit of 40000 x 65 %=$26,000 profit. No wonder PNCH incurred so much ($128,405) interest expenses for 3 months. So it costs us $42,000/month in interest alone, plus rent, utilities, travels, meals, cocktail drinks, and other production costs; while the company generates little or no incomes; we as investors are totally doomed. I am very distressed how in the world can we recover our retirement accounts to live on in the future years.