@Andylgo heres how they're repaying the 600k loan. $2.3 Million won't be going far when the directors salaries are +$500k a year (So now probably around $650-700k a year now that theres a 3rd amigo working for the company), and also $300k of this cap raising is going straight to pay off debt.
DO NOT invest in this company.
The directors need to immediately reduce their salaries. I mean what a joke... This company currently has a market cap of $1.462 Million and the salaries of the directors are approximately $700k.
Holding onto this stock will just lead to more future dilutive cap raisings and more pain for long term holders. The only reason I'm not selling this stock is because its not worth paying the brokerage to get rid of it. The $3k I invested in this company in 2016 is now worth $200 today.
