What I found interesting is that more than 50% of the Convertible Notes were "advanced" $2M+ even before it was put to vote at the GM.
Refer to Balance Sheet of Supplementary Prospectus: Balance Sheet dated prior to GM.
What would have happened if CN's were not approved at GM?
Would they have appeared as "consulting/contractor" costs or would the "advance" be returned?
Something here doesn't seem right!
Tipster and bungalow charting center, page-94
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