Read the terms of another garbage deal & weep.....
awesome deal to finance 625k @ 12% + 135k unrestricted shs. & 180k restricted shs. + 30k
financing fee. Sounds like an overall rate of more like 37% !!!!!!!! How about the guarantee to
buy back stock at .40 & .80. I know a guy named Vinnie who offers better rates than that & he
only guarantees to break your kneecaps for non-payment. Grab your argyles folks !!!!
Totally predictable deal. When they fell off NASDAQ they lost ability to finance the company, and their ongoing salary needs, from outside sources. Insiders are only choice now. Still even insiders must wonder how long they want to keep financing (effectively directly paying) Randy and Allan (Tweedledum and Tweedledee) salaries.
i don't know if this deal is any good or not but for so little money they sure had to pay a high rate. plus they had to give up a lot of shares and it seems they have to buy them back at a higher price.
this has to be the worst management team ever.
i can't believe i paid good money for this worthless stock.